Just because all comodities are  priced in US dollars.... Why   should   the  prices stay the  same?...... The  talking  heads  on  our   North American  networks  just  cannot  fathom that   all comodities  will  rise  because the  US  dollar  is  going into the  toilet.

 Example.... 5 years  ago  oil  was in the  $40us range... The  Euro  was at  .80 of a  us  dollar... Therfore oil was  50 euros /  bbl.

Now oil is  at  $100us  and the  Euro  is  at  1.50 of a  Us dollar   therefore  oil is  about  65  Euro/ bbl.... a  modest  increase  considering the  supply  demand  relationship  has  radically  changed in the   past  5  years.....

is  it  logical that  oil  should retrace to  $50  - 60us   and  therefore back to 40 euros or  less when  demand  is equal to  supply and  rapidly increasing...

The  same is  true  for all commodities...  They have  all been stipped  of the  over  supply  bulge and  replacemt production  will  take  a decade to get  back into  balance..... How  long  has  Voisey  bay  been  sitting  there..... This is  compounded  by  the  majors   gobling  up each  other.... net gross  production  is not increased  one  lb via takeovers of  producers.. The  emphasis  is  on  maximizing  short term  profit rater  than  long term  supply.....

 In  short our time  is  coming for the  secular bull in  commodities.... the  Bull is  just   geting started,  delayed  only  slightly  with the  sub  prime  fiasco...... Maybe the  US  is  going  back into the  stone  age.... Pesimists  on    the   tube......  but the  rest of the  world  is   geting  comfortable moving  out  of it.

Where's all that  oil  money  going now?