 | CLK08 closed around $114 (Tres Yergins) yesterday..so, in the next 60 days, the front month price of CL will... | The Oil Drum | Hydrates updated |  |
60 comments on Happy Third Yergin Day: A Poll
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60 comments on Happy Third Yergin Day: A Poll
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GAIA Host Collective
I believe it is called "paying the ultimate price".
@WesTex
although I agree in General, I would disagree in progression. Price rises now are marginalizing the world's second fifth, the Wester World's first "fifth". Once that is accomplished, prices will stagnate again as demand falls. That all takes time. Then production falls will begin eating away at price again..
Just saying it'll happen more likely in observable steps, we being at the end of step 2 right now.