David Martin

Just a Commodities Correction - Not the End of the Bull (Part 2)

Since oil production has remained broadly stable for the last 3 years and new discoveries have been far less than consumption since around the 70's, your thesis that oil will resume it's rise shortly should be correct.
It is so right, furthermore, that it will destroy the second part of your thesis, that falling prices will re-stimulate growth.
As growth takes off again rising oil prices will soon throttle it.