Recent content by celilo

Peak oil is the point in time when the maximum rate of global petroleum production is reached, after which the rate of production enters its terminal decline. I don't believe that we are there at all. I do see increasing demand from countries like China and India that will continue pressuring...

Many interesting points, but this has nothing to do with UBS's decision to not open US accounts. I concur with sadhoo and andrewdarnell on that note. Much of what was been said about demand for the dollar is true. Oil is a big part of that demand and has been since the 1970's. Kissinger made...