High energy prices do cause wonderful things to happen like when the US used 20% less per economic unit of production after the last big oil bubble. The first production plug in hybrid by a major manufacturer will be launched in Nov 2010 - I doubt it would have come so soon otherwise.
The speculators do need a spanking but if they don't eventually the bubble will run out of buyers and it will collapse on itself. I suspect up to a year and another 30% upside is left.
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High energy prices do cause wonderful things to happen like when the US used 20% less per economic unit of production after the last big oil bubble. The first production plug in hybrid by a major manufacturer will be launched in Nov 2010 - I doubt it would have come so soon otherwise.
May 21 17:38 pm
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All Comments by TA »Commodities Prices: Speculation Exposed [View article]
The speculators do need a spanking but if they don't eventually the bubble will run out of buyers and it will collapse on itself. I suspect up to a year and another 30% upside is left.