Replies to post #10392 on The Rising Influence of Rising Affluence

[wow_happens28]

Dew, so you say it's over? From the $115 2011 peak to the recent lows oil fell 61%.

1. I hear people say it will keep falling, the world economy is crashing
2. I hear people say commodity prices will roll along the bottom for many years.
3. I don't hear people say it will go up?

I like door 3, but they might need a little more time to steal the wild caters oil who can't make money at these levels.

http://www.finviz.com/futures_charts.ashx?t=CL&p=m1

Nothing has changed since the 1800's

http://searchinginhistory.blogspot.com/2014/03/john-d-rockefeller-robber-baron-oilman.html

[OakesCS]

"The seven biggest oil price declines over the past 30 years..."

That is a truly depressing frequency.

[DewDiligence]

Factoid: 37 North American E&P companies have filed for bankruptcy during 20165 to date.

http://www.wsj.com/news/article_email/SB20991350514498843875504581366192570422946-lMyQjAyMTA1OTE5OTExMzk1W