1792-1812. 150% increase in grain, wood, and coal some items rise in price more...global depression follows after war spending ends in 1814/1815.
1870-1873. Coal prices rise 200% above 1866-1870 levels across Europe. Global depression and plummeting stock markets follow within months of the peak in energy prices in February 1873.
1916-1920. Oil prices rise 200%; coal and grains rise by similar amounts. Global depression follows months after the peak in energy prices in 1920.
1973-1974. Oil prices rise 200% in the US and more internationally. Global depression follows immediately after the oil price increase.
1975-1981. Oil prices rise 200%. The biggest depression since the Great Depression follows the peak in energy prices.
2004-2008. Oil prices rise 200%. Global depression follows the peak in energy prices.
Dec 2008-2012/2013. Oil prices rise 200%....
What follows will certainly be a surprise to many but it should not be.
I will return in December to see where we are. There is nothing more to be said until then. The board has grown tiresome anyway. Too many gamblers and losers...