Friday, May 6, 2011

"D2 Scenario"

Oil prices are going up (inexorably). China + Peak Oil + Financial diversification. Oil doesn't stop going up until GDP goes down. It's an inexorable force until then.
I actually don't believe in peak oil. However, you'll notice that high oil prices (summer 2008, right now) seem to be what forces the Fed to stop inflating.

1 comment:

Taylor Conant said...

Why do the Casey Research people take this guy seriously? What is this but a bunch more Keynesian, demand-driven economic dynamic clown stunts?

China?

CHINA?!

Come on, guy!

Peak oil? Hysterical. Name one resource that HAS been completely consumed up to this point and is now in terminal decline.