World Bank, IEA, say commodity, oil boom is over

The FT asks if the super-cycle in commodities is over. It says commodities booms historically last about 10 years, the period oil prices have been rising in this latest cycle. (Blogger note: Other commodity prices took off about five years ago.) However, many disagree that the boom is over.

The World Bank thinks the commodities boom has ended.

For the first time in more than 20 years, the U.S. Energy Information Agency projects virtually no growth in U.S. oil consumption through 2030. One reason, though, is assumed higher prices as the economy recovers.