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The Invisible Hand is invisible precisely because it doesn't exist.

Some historical ratios may become meaningless. Some doubtless have in the past. One can easily compare the historical prices of two items, but it is more difficult to say where they are supposed to be ...

Coming soon to Yankoslavia...

Looks like Saudi is recycling petrodollars...

Honestly, I don't see the downward trend within the noise of spikes and troughs in the chart. Again, if you look at the gold/oil chart, its troughs are below 10:1 but above 5:1, and have been since 1 ...

Why can't it be both?
Oil did go up in most currencies, not just US$, so it wasn't just a dollar phenomenon.
That is to be expected. Very nearly all countries have inflation-prone fiat currencies ...

If you look at the graph, you will see three distinct peaks: before 9/11, during Hurricane Katrina, and now.

Check out the Dow:Gold graph. Maybe ol' Kunstler would have been right about his predict ...

Here is some supporting evidence that the recent run-up of gas prices is due not to PO, but the falling USD (a.k.a. the Yankoslavian Dinar):

[url=http://bp3.blogger.com/_JXyDn5pcCqE/SE1Qb12VUvI/AAA ...

Shoes. We mustn't forget about our feet. I predict that shoemakers and cobblers will make a comeback.

I hope you're not serious with this thread

even with PO it costs only a few dollars to store a whole database of knowledge, it's not medieval times when a book was worth what a plane is worth today ...

There are some good things, and some bad things, about the West, as it has been called. I think that it's a widely held opinion here that Western civilization has reached its climax with Peak Oil, an ...

When I was 12 and my middle school government teacher was spewing "capitalism! free market!" then yes, I believed in it. Since then I've seen and heard way too much to be able to look the other way a ...

Nice to see that I'm not the only one who spotted the Yankoslavian Dinar's falling as the cause of this current crisis, not PO.

There is a "third way." It's called collapse.

What has happened to the price of oil? It's now at $135/bbl, or about €90/bbl with $1.57/€. I'd love to get a graph of bbl/€ or bbl/Au, would clear up a lot of things.