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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (46750)	5/29/2011 2:31:18 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68465

Some of the food inflation is tied to the increase in fuel to grow and transport the food though. I remember hearing a comment from an economist, Jeffrey Rubin I think, about peak oil. He said that local grown food would start to re-emerge and the cost of transporting food would make it uncompetitive. I think the tipping point is $140 oil for that scenario. Though I think he also called for abobe $200 oil at some point. So take his analysis with a grain of salt.