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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.79+1.8%Jan 22 4:00 PM EST

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To: dvdw© who wrote (145810)2/3/2019 5:10:47 PM
From: louel  Read Replies (1) of 219660
 
The value of that commodity type shall continue to fall.

evidenced by the removal of near 2 MBD from world supply over just the last 2 years, having no effect at stopping a declining world oil price.






The big wheels don't believe oil is over Exxon building new 2.5 B Canadian oil sands project along with others. At present there is no energy source or viable technology to replace Oil. And It will take burning much more oil and decades of research to develop one. About the only technology which could replace oil without covering or hindering farm and food lands would be Hydrogen Which offers "0" polution

petroleum-economist.com
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