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Outlook 2011: Three Dominant Factors Will Impact Precious Metals in 2011

Mon, 05/09/2011 - 2:42pm -- editor
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[[wysiwyg_imageupload:2296:]]By Nick Barisheff

As we near the end of the first quarter of 2011, the potential for a widening of the uprisings in North Africa and the Middle East has pushed oil prices past the $100 mark. Long before the riots began, commodity prices had risen to uncomfortable levels, having soared over 30 percent in a matter of months.

Currency creation by emerging market central banks was, and is, a major factor behind the rise in oil prices. Egypt's M2 money supply, for example, rose 13.3 percent during 2010, while China's M2 money supply increased by 17 percent and India's M3 money supply increased by 15 percent. When currency creation outpaces GDP growth, too many artificially created rupees and yuan and pounds and euros chase too few goods, and price inflation results (Figure 1).

Wikileaks Reveals Imminent Saudi Oil Peak

Wed, 02/16/2011 - 3:07pm -- editor

[[wysiwyg_imageupload:1733:]]By Jeff Rubin

The International Energy Agency needn’t bother exhorting OPEC to pump more oil to fuel a global economy that now burns a record 87 million barrels a day. Confidential cables from the U.S. embassy in Saudi Arabia released recently by Wikileaks confirm what others have long suspected: OPEC’s kingpin producer, Saudi Arabia, has little more to give.

Welcome, 'Peak Oil'

Sun, 01/30/2011 - 11:19pm -- editor

[[wysiwyg_imageupload:1528:]]By Puru Saxena

The day of reckoning is approaching and the world does not have a contingency plan.

The truth is that the world's output of conventional crude oil peaked in 2005 and global oil exports are also past their prime. Furthermore, the unconventional sources (tar sands, heavy sour crude, ethanol, natural gas liquids, bio-fuels and shale) are struggling to keep up with the ongoing depletion in the world's largest oil fields. Therefore, it is probable that the world's current production of total liquids is at or near maximum capacity.

Chart of the Day: The Decline of Available Energy to Society

Tue, 01/04/2011 - 7:50am -- editor


By Scott Macdonald

Over the New Year’s Day weekend The Oil Drum put out a call to its community of analysts for chart submissions. What’s been created there over the past 72 hours is a kind of museum of data covering population, energy, growth, and the economy. Do check out the post, Chart of the Year, which is still expanding. Amongst all the various entries, I found this following nugget from a paper by Alan Dechert:

Six Energy Themes for 2011

Mon, 01/03/2011 - 3:35pm -- editor

[[wysiwyg_imageupload:1117:]]By Bill Powers

With a new year upon us, I believe now would be an excellent time to review several of the biggest themes I see unfolding over the next 12 months.  While some of the items/predictions I will cover in this issue have been discussed in previous issues, I will introduce several new themes that I will be exploring more thoroughly in 2011.  Let’s get started.


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