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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: kormac who wrote (148487)3/29/2011 10:38:22 PM
From: Jacob Snyder  Read Replies (1) of 206326
 
<Abundant for whom?>

You have a valid point. And, since food prices and energy prices are connected, the point is even more important.

For the average person in Pakistan or Egypt (and 40 other nations), we are already at the point where higher energy and food prices are making them desperate, and therefore amenable to desperate political/economic/military solutions. If oil and food prices stay at current levels, we are going to see many more revolutions.

We saw, during the last oil price spike, that American's behavior changed, when gas hit $4/gallon. Gas where I live (Anchorage, Alaska) is now at $4. Transportation costs are steadily depopulating rural Alaska.
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