Louisiana Light • 2 days | 80.56 | +0.97 | +1.22% | |||
Bonny Light • 1 day | 80.18 | -1.62 | -1.98% | |||
Opec Basket • 2 days | 83.89 | +0.49 | +0.59% | |||
Mars US • 28 days | 79.71 | -2.05 | -2.51% | |||
Gasoline • 10 mins | 2.172 | -0.004 | -0.19% |
Bonny Light • 1 day | 80.18 | -1.62 | -1.98% | |||
Girassol • 1 day | 80.80 | -1.76 | -2.13% | |||
Opec Basket • 2 days | 83.89 | +0.49 | +0.59% |
Peace Sour • 6 hours | 59.71 | -1.90 | -3.08% | |||
Light Sour Blend • 6 hours | 63.56 | -1.90 | -2.90% | |||
Syncrude Sweet Premium • 6 hours | 68.16 | -1.90 | -2.71% | |||
Central Alberta • 6 hours | 61.71 | -1.90 | -2.99% |
Eagle Ford • 2 days | 74.34 | +1.45 | +1.99% | |||
Oklahoma Sweet • 2 days | 74.00 | +1.25 | +1.72% | |||
Kansas Common • 4 days | 65.00 | -0.75 | -1.14% | |||
Buena Vista • 4 days | 80.98 | -0.43 | -0.53% |
The probe found that on…
Brent crude futures remained stable…
Michael Pettis at China Financial Markets believes commodity prices will collapse by as much as 50% over the next few years. His rationale is solid.
Here are a few snips from a recent Michael Pettis email in which he outlines the case.
By 2015 Hard Commodity Prices Will Collapse
There are four reasons why I expect prices to drop a lot more.
First, during the last decade commodity producers were caught by surprise by the surge in demand. Their belated response was to ramp up production dramatically, but since there is a long lead-time between intention and supply, for the next several years we will continue to experience rapid growth in supply.
Click here to read the full article.
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I am quite sure that the "boom" in Red China is over..
They will continue to expand their economy but not at previous rates...The days of double digits are over...
You knew that there was trouble ahead, when the economic output is 50% state...
Sorry, but command and controlled economies simply do not work in the long run...