morbius glass

Reviews – Comics, DVD’s, Books. Finance – FX markets, Stocks, Economics. Culture

World Crisis scenarios for the 21st century – Peak Oil. (update 9)

Posted by Adrian on February 29, 2008

World Crisis scenarios for the 21st century – Peak Oil. (update 9)

Light crude, trading on the NYMEX, closed at 102.59. Although the high oil price is not endemic of the peak oil theory per se, one should keep in mind that it is a combination of the collapsing USD, inflation and the booming commodity markets under the auspiciousness of scarcity and demand. With both wheat prices, oil prices in a constant increase upward. It could be argued as long as the reserve banks of the world lose control of global inflation with the continued falling asset markets such as stocks and property combined with instability in the currency markets; namely the USD, GBP. Traders, investors will be looking at the commodity markets, hence the current commodity boom. With oil climbing upward, even with the US slowing down (or in recession), oil will continue to trade above the $100.00 mark as mentioned in Morbius Glass forecasts 2008 (economic) . The implications of a high oil price is a big worry for the world economy and society, now exasperated by global reserve banks that do not seem the least concerned about inflation and declining currencies.

co48.gif

Advertisements

One Response to “World Crisis scenarios for the 21st century – Peak Oil. (update 9)”

  1. […] The continuing high oil price will be tracked in World Crisis scenarios for the 21st century – Peak oil (update 9) […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: