Mining Exploration, Shafts, and Wells

The following chart shows the 10-year moving average of fixed private investment in mining exploration, shafts, and wells as a percentage of all fixed private investment.


Click to enlarge.

December 2, 2014
Oil tycoon T. Boone Pickens predicts return to $100 a barrel

Pickens: ‘You can’t imagine how many of these cycles I have seen and endured’

As seen in the chart, I can imagine two. For what it is worth, I believe the current one will soon end in a deflationary parabolic trend failure.

The Lurking Fear by H.P. Lovecraft

In a short time I realised that I must tell my story to someone or break down completely. I had already decided not to abandon the quest for the lurking fear, for in my rash ignorance it seemed to me that uncertainty was worse than enlightenment, however terrible the latter might prove to be.

Source Data:
St. Louis Fed: Custom Chart