miner

Commodities: Is It All Over?

Commodities might have been overbought in the short term. But if one takes the longer view, I can not reach any other conclusion than that commodities are in the 2nd inning of a spectaculair bull market.
My reasoning, I believe, is simple common sense:
200 million new entrants in the middle class in China and a similar number of Indians want to eat better and want all the metal consuming things that the Western world takes for granted.
Nothing new at all, but it can't be repeated often enough.

Outlook for Oil: 2008 Thus Far and a Preview of Coming Attractions

A thoughtful article. I have a heavy exposure to oil and gas stocks in my portfolio, so I consider myself bullish on these commodities.
However what I believe is often missing from articles like this one:
There will come a point where the developed countries will say enough is enough with ever increasing oil prices. Particularly the US is good at reacting when the chips are down. We will go to nuclear and/or clean coal energy in a big way, a 10 to 20 year process. We will go for gas efficient, electric or hybrid cars, a 10 year process. We will come up with other fuel saving/enhancing/ reducing technologies, a 20(?) year process. $500 oil is unsustainable in our present societies. React we will.