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I believe the next decade will give us fantastic investment opportunities in fixing the world's creaky infrastructure. From roads and bridges to water and power supply... there's trillions of dollars that are going to be spent.
We use sulfuric acid in mining to extract copper, nickel, and uranium. We use it in steel production and in making fertilizers. We use it to refine oil and to treat wastewater. It goes into the plastics we make, and a bunch of other things.
The biofuel boom has kicked off a big increase in the demand for sulfuric acid. In fact, some 60% of the sulfuric acid ends up in agriculture.
If you look at the price of oil, you find something interesting. Since January 2001, you can explain the move in the price of oil largely as a function of increasing money supply. As the amount of money grows, the price of oil rises.
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