How Dwindling Resources Will Push Up Commodity Prices

Jeremy Grantham, renowned investor and founder of GMO, explains how a growing population is putting a strain on global resources

Ekstern forfatter 21.04.2017 | 9:20
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Jeremy Grantham: This is my favourite exhibit on oil. For 100 years, it oscillated wildly, which is it's wound around $19 and then in OPEC of 1972 it jumped to about $36 and then more recently it jumped, I think, to about $65. I used to think $75, but about $65. The point here is it's not $19 in today's currency. We have nearly quadrupled the cars. We are beginning to show signs of all resources running out.

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