Topic: oil prices – Will Big Commodity Gains Be Sustained in 2008?
At the same time, natural resources are scarce worldwide thanks to decades of underinvestment in production when commodity prices were in the "dog-house" throughout most of the 1980’s and â90’s. Still, such a pullback should provide you with another excellent buying opportunity – in certain commodity markets – especially the agricultural commodities. In real terms (when adjusted for inflation over the last 30 years) wheat prices and most other agricultural commodities remain "far below the heights" reached in 1974. Increased demand for food from the rapidly developing emerging world will continue to put upward pressure on food prices. read more
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