Simmons Says $100 a Barrel Oil Is `Remarkably Cheap'
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Hemp for victory !!! 10% of food crop space would power america? why are we allowing our country to slowly degrade into a third world level? And now L.E.A.P. is questioning our methods against the drug concept... I truly want to understand so i can feel like patriot.
hoppermantis 3 years ago
hit a 132.95 today. yikes. whats all this about George Reisman?
VenTimofey 3 years ago
did he say a rising price of oil equals a rising gdp (0826min); is this for oil exporting countries only?
i think the biggest problem is susbituting oil for something else, i mean i lived in japan and there are trains everywhere; i mean.. you could prooly count on one hand how many trains r in north america. i feel bad inside 4 that; we were given everything and now we can't let go of it.
babapoopoo 3 years ago
It would be interesting to watch a debate between Peter Schiff and Matt Simmons on the inflation vs. supply/demand pressures on oil prices. Peter's argument that oil is only 10% more expensive over 30 years, when priced in gold, holds water, but peak oil may put additional pressure on prices as per supply/demand.
julebuggy 4 years ago
Guess not, eh?
julebuggy 4 years ago
It is kind of scary that someone from UBS appears to know very little about the connection between energy and economic growth. This is why I know longer trust anybody with my investments.
markcrombie 4 years ago
Just read Reisman's "Mining....". He should stick to economics, what he knows best. REALLY IDIOTIC!
kilbairn 4 years ago
George Reisman is an idiot.
bustermk2 4 years ago
there's enough oil and other natural
sourches for AT LEAST the next MILLION year.
Just google for "Mining for the Next Million Years by George Reisman"
3DPeter 4 years ago
Eyh! Matts lump-dinosaur is up and going again!
geir44 4 years ago