The North Pole turned into a lake for the first time in 2000. We see aerial photos of the Aral Sea drying up. We practically can’t buy caviar from the Caspian Sea any more. The European Space Agency announced in September 2007 that satellite photos showed that the Northwest Passage appeared clear of ice for shipping for the first time ever, and that the Northeast Passage is almost clear.
With so many vivid images of a shrinking and damaged planet, is it really any wonder that human psychology is ripe for high commodity prices?