rogue, talk of a "new paradigm" confirms my view that natural resource investors have donned rose-colored glasses worthy of vintage-70s Elton John. Future pricing for any and all natural resources is wholly UNKNOWABLE...
In contrast, the value (non-resouce) stocks generally discussed on this board have track records, earnings, book values, operations in the U.S. (!), you know, stuff that can be analyzed and used to forecast the future...
When it comes to P/Es, 7 is the new 14...