Fundamentals would suggest prices in the low-to-mid-30s. But fundamentals are not all that's driving this market. |
If the United States was zero-dependent on Middle Eastern oil, but the rest of our allies among consuming nations were just as dependent, then a disruption anywhere is a price increase everywhere. |
In a market economy you can't have demand higher than supply, |
Physically it's very feasible, and politically it's very feasible. |
The market has an asymmetrical bias towards upside risk because we've lost those cushions, |
The market has an asymmetrical bias towards upside risk because we've lost those cushions. |
There's a windfall ... But that's not evil. |
This company is a giant in a way, but a baby in terms of being a profit-making corporation. It will be a great investment over the next decade. |
We're suffering from a shortage of rigorous ideas about what's happening to function in the human brain in these diseases. |