The commodity supercycle: myth or reality? Part 4

Stephen Leeb is chief investment officer of Leeb Capital Management in New York City and co-author of the books “The oil factor: protect yourself and profit from the coming energy crisis” and “The coming economic collapse: how you can thrive when oil costs $200 a barrel“. Leeb agrees with the commodity supercycle theory, but from a different perspective. He looks at the market from the energy angle, and specifically from the perspective of the oil market. According to Leeb, the price of energy, and especially the oil price, will continue to go up. Since mining is an energy-intensive activity, it will become more and more costly, and rising costs will find their way into commodity prices. The bottom line: firm prices for mined commodities.