<DrumBeat: October 12, 2008 The Oil Drum DrumBeat: October 13, 2008>

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unrepentantcowboy on October 12, 2008 - 12:33pm Permalink | Subthread | Parent | Comments top

Related to that, I'd add, Simmons expressed hope because commodity prices have been high.

Now the price of corn has fallen to half of what it was this spring.

Oil and gasoline prices are tanking on a daily basis.

All in the midst of the possibility, if not then the probability of imminent shortages of both.

Perhaps those that play the market (people like yourself) assume no one will have money to buy these things due to deflationary pressures.

I'd say that's one risky bet, with lives on the line if you lose.

Sometimes, for whatever reason, markets fail us.

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unrepentantcowboy on October 12, 2008 - 10:33pm Permalink | Subthread | Parent | Comments top

This isn't a video, but instead an audio interview of Bud Burrell. It's not about Peak Oil, but it does deal with overarching economic conerns that affect everything we're likely to be doing in the near and perhaps the far future.

It scared the hell out of me.

http://www.financialsense.com/Experts/2008/Burrell.html

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totoneila on October 13, 2008 - 12:40am Permalink | Subthread | Parent | Comments top

Hello Unrepentantcowboy,

WOW!--just listened to the whole report.

Nate, Ilargi, Stoneleigh: can you add more info for us non-finance TODers so that we can get a better grasp of this Puplava/Burrell interview. I gotta go read the DeepCapture website!

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tonyw on October 13, 2008 - 5:40am Permalink | Subthread | Parent | Comments top

This isn't a video either but on Nouriel Roubini's site there is an article on oil prices where Rachel Ziemba, RGE Monitor's lead analyst for oil exporting economies and China, says:

"...if current trends in the global economy and financial markets continue, oil is likely to come under further pressure, taking it towards $60 a barrel...."

"...Lets look more closely at China. Recent industrial production and manufacturing data suggest a slowing..."

It's all there folks, even our old friend Daniel Yergin gets a mention:-) My discussions over the weekend identified that because of the credit crunch some mining projects are now being put on hold.

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