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  • Theoretical Declines of a Bursting Oil Bubble [View article]
    sr9web - Nice little write up. And to add to that, I'd like to add a recent quote from Jim Rogers:
    "the commodities market can frequently correct 40% to 50% even during a bull market.”
    Citing the crude oil bull market in 1999, he said the commodity prices had gone down 40% to 50% during that period.
    “Even if the world economy is going to collapse with everything coming down, I will opt to own wheat and cotton rather than Google or IBM shares!” Rogers said.

    When you have a plateau in production and increasing global consumption pressures, then prices become more volatile. The easy, high-yield oil has been extracted. Rapidly rising price and flat production (since 2004) = peak produciton.
    Sep 04 20:31 pm |Rating: 0 0
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