Commodity prices are at a record high. In 1933, the world's population was just over 2 billion people. Today, there are 7 billion mouths to feed - many of them depending on American agriculture.
Sentiment: NEGATIVE
In its best prewar year, Europe with almost 300 million people had a gross national product of 150 billion dollars. In that same year, the United States with 150 million people had a gross national product of 300 billion dollars.
Over two billion people in China and India need commodities to grow their economies and improve their living standards.
I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises.
By the year 2040, the world's population is likely to increase by about 2 billion people, with also projected economic output will be up about 130 percent versus the year 2010.
When I was born, the world's population was 3.5 billion. There are now 6.8 billion people on the planet. By 2050, that's expected to rise to 9.4 billion. What's more, the Earth's resources aren't growing; they're decreasing - and rapidly.
When we cut the price for bananas by 1 ruble, we sell 100 tons a day more... There are people who live within their budget.
In 1973, America imported 30 percent of its crude oil needs. Today, that number has doubled to more than 60 percent. Gas prices are as high as they are now in part because we've had no comprehensive national energy policy for the past few decades.
We have three billion people, half the world's population today, living on less than two dollars a day.
We used to live in a world where the price of resources came down steadily, and now the world has changed. You have a great mismatch between finite resources and exponential population growth.
Too many people today know the price of everything and the value of nothing.
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