Front month crude oil prices increased 9.2% today. Such a huge daily movement shows once again the need for agile business systems that can anticpate the risks, and capture these environmental factors, and turn them into business oportunities.
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Thanks for you thoughts, as an oil and gas geologist I have two sort of
macro questions/points to add: 1) oil prices are pegged to to the
dollar, so what will be the consequence of our "printing money" for all
of the corporate bail outs? I.e., if the value of the dollar takes a
serious hit, as a result of inflationary pressures, what will happen to
energy prices? and 2) My kind and I have a saying regarding the
discovery of new oil fields and that is this "all of the elephants have
been shot". China is still growing at ~ 9% despite our stagnation in the
West. I am concerned we will see a 2-3 year hiatus (lull) of cheap
energy and then the cost of energy will sky rocket. As a new father I am
truly frightened that as my children approach their University years,
the lights are going to start to flicker...... Keep it up man!