Replies to post #3826 on The Rising Influence of Rising Affluence

[DewDiligence]

He had most of the parts right, he just doesn't understand their relative levels of significance to making profit (which, strangely, was a word never used in the article).

Good point, as always. Regards, Dew

[DewDiligence]

Mario Gabelli on the price of oil (from the annual Barron’s roundtable in #msg-70894995):

We will drill for shale oil, which will make us less dependent on foreign energy sources. But something may happen in Saudi Arabia in the next few years and oil prices will go up. You can't have an Arab Spring that affects all other countries but Saudi Arabia.

Saudi Arabia is sui generis, so I’m not sure I agree. Comments?