Bengal Stripes - 2/11/2019 11:09 Because anything below $3 brings on a new round of demand current production is unlikely to satisfy. Much like a price much above 4.25 brings on a round of demand destruction that is easily out produced. Markets are dynamic of course but that is the setup we have currently. What if ethanol goes away and is replaced by solar panels and wind energy hydroelectric and tidal energy and so on? Or even maybe the world gets on the nuclear bandwagon? Or maybe we finally develop fusion? I happen to believe that lower line is our risk. I'm not saying it's our risk this year. I'm just saying that I can't rule it out as a possibility sometime in the next 10 years.
Edited by dpilot83 2/11/2019 11:18
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Here's a trend line for ya...
