coaster

Gold and Oil Price Limits

Interesting article and reader's comments. The fact that were suffering from a lack of planning begs the question, where in our history or in nature itself do you find planning. Every species continues doing the same thing until it cant. I see people flogging their SUVs down the fast lane, but at some price gasoline-per-gallon they too will change. I completely agree, "it's going to be a long and painful process."

Commodity Forecasters See Prices Declining

I have a hard time separating such forecasts from the wishful thinking of consumers. Is the world going to use less oil in three years or are discoveries going to increase significantly or are alternatives going to supplant crude? I’ve seen other forecasters come up a $500 barrel in 2012. One thing is certain, there making more consumers, not more commodities.