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Buying oil futures does not help, because cheap oil is a fundamental part of the economy. As we already found out, when oil reaches a certain price, it stops ri
by khafra 16y ago
Buying oil futures does not help, because cheap oil is a fundamental part of the economy. As we already found out, when oil reaches a certain price, it stops rising because of demand destruction. Instead of paying more, industries dependent on it simply shut down. The only way to bet on peak oil, at this point, is bet against the economy as a whole--and that exposes you to huge counterparty and currency risks.