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?



Come on, guy!

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