Welcome
I've Been Thinking About...
Why Commodities?
One Planet...
Finite Biosphere
Macro View On Commodities
Consumption Growth
World Economic Growth
A Functioning Society
Fossil Fuel Consumption
Crude Oil Consumption
Consumption Vs Production
Refining Capacity
World Auto Fleed
Natural Gas Consumption
Long Beach California - 1942
Long Beach California - 2006
1950's Mining
2000's Mining
High Intensity Mining
Scars
Copper Consumption
Copper Consumption and Population
Low Intensity Farming
High Intensity Farming
Mechanized Farming
Fertilizer Consumption
World Grain Stock
Grain Stock China
Global Warming
Its Getting Extreme
Bigger Deserts
World Grainland
Economic Loss
Economic Rational For Commodities
Commodities Vs Stocks and Bonds
Sources Of Return (Risk)
Crude Oil Prices
Surgar 11 Prices
Market Structure - Crude Oil
Market Structure - Wheat
Seasonal - Natural Gas
Seasonal - Soybeans
Robust Diversifer
In Summary
Human Nature (Demand)
Mother Nature (Supply)
Thank You
What To Do About Commodities
About Mercer Investment Consulting
Presenting Outline
Why Commodity Futures
How Are Returns Derived?
Comodity Characteristics vs Equities
Secource Stocks
Implications
Summary
Disclaimer
Comments
Notice
Agenda
Commodities - Our House View
Future Prices
One Planet
Displacement
Recent BP Report
Long Term Elasticity
Thank You
