When Wall St. investor gurus start looking at environmental issues and resource depletion issues as a major factor in investing, then you know things are really serious. Here’s an interview from today’s Wall St. Journal with one such type. A snippet:
Raw material prices “came down for a hundred years by an average of 70 percent, and then starting around 2002, they shot up and basically everything tripled—and I mean, everything. I think tobacco was the only one that went down. They’ve given back a hundred years of price decline and they gave it back between ’02 and ’08, in six years.”
http://online.wsj.com/article/SB10001424127887323665504579032934293143524.html?mod=WSJ_hps_MIDDLENexttoWhatsNewsForth