StateofConfusion

Commodities: Bubble or Not?

Phillips, richjoy and others have stated reality well.
What is lost in these discussions is the population explosion which was warned about and was openly discussed in the late 80's and early 90's (I think). Now, you rarely hear this discussed because religious groups only gain power by having lots of kids. This is true of Islam and Mormons (I know one Mormon that has 10 kids) and some other fundamental groups. Growing population demands more of everything and we do have limits on providing them as well as accomodating the pollution and waste.

Climate change (regardless of cause), demand, resource limits will drive competition for energy and food. The US government continues to allow high immigration here and this will create more problems of us.
Idiotic policies (when did Bush ever promote anything but more oil and finally corn ethanol?), the Iraq war, huge deficits, illegal immigration, too much legal immigration, etc. are destroying the economic super power. Most countries (in the west at least) want the US to shoulder world burdens while they work on their economy.

We can't control world population but we can control ours. It may be too late with all the religious, latino activist groups and political pandering, to save ourselves. Because of the above issues, we need population growth control, massive investment in renewable energy, conservation and a ban on development of farm land to have a chance. It may not be a straight line up but commodities and energy will stay in demand for a long time to come. In the U.S., Bush will be known as a destroyer of worlds, ours.

Is the Commodity Bull Market Over?

It use to be tha the major part of food and materials were consumed in the US and Europe. With China and India and world population exceed sustainable limits, commodities will not keep up. Anything that runs up fast is in a mini bubble but food, metals and energy will have a long demand curve.

If anyone cares to save the US from a population explosion, you had better try to greatly slow immigration now. That is only one problem but an important one. A silver lining is high oil prices will finally drive us to renewable energy (once Bush is gone) but replacing oil is a long term goal. Geothermal is one very good route. Check out RZ and NGLPF and there are others.

California's Fuel-Efficiency Battle and Peak Oil

Part of the real solution is to stop illegal immigration in it tracks and greatly lower legal immigration. If we are having trouble with 300 million, what will it be like with 450 million people? Population control is needed, not just a rush to find more resources to feed uncontrolled growth.
We have wasted the last 8 years under Bush. Trillions of dollars spent for a war to free the middle east for democracy, as if a cult like Islam would ever be democratic. China could not have proposed a better president to destroy this country than the one we have now. If we are to have any chance at recovery, we must elect a democrat (and they are stupid on immigration).