When the depletion of minerals, classic energy sources such as oil, hard coal and lignite, natural gas will generate market high increases in prices of these commodities on commodity exchanges?
In this question I point to economic issues and not speculative ones. Investment funds and large energy corporations are buying forward contracts for the supply of these raw materials.
The investment risk is high and the possibility of price forecasting is not easy considering the speculative transactions of investment funds and a number of non-economic factors, such as political factors in the production of crude oil.
However, in a few dozen years some of these minerals may start to run out. Until then, the economy should determine the creation of other energy technologies, ecological innovations in the field of energy and substitutable energy sources, mainly based on renewable energy concepts.
So when are the non-economic determinants influencing the energy prices on the wholesale exchanges, the commodities will be replaced and replaced by economic determinants?
When the scale of depletion of these minerals will affect the prices of these raw materials, it will increase the prices of these minerals and in this way will accelerate the process of creating eco-innovations and renewable energy?
In view of the above, I am asking you: When the depletion of minerals, classic energy sources such as oil, hard coal and lignite, natural gas will generate market high increases in prices of these commodities on commodity exchanges?
Please, answer, comments.
I invite you to the discussion.
Thank you very much
Best wishes