The economic fundamentals of supply and demand remain the key factors in driving the direction of commodity prices and determining whether the commodity super-cycle will persist. In practical terms, this means that oil prices, for example, are more likely to hover near $120 per barrel over the next decade, rather than $50; and we are unlikely to see a $20 barrel of oil ever again.
经济的供求基本面仍是决定商品价格方向和超级商品周期能否持续的关键因素。从实践角度讲，这意味着（比如）石油价格更有可能在未来十年中徘徊于120美元/桶的水平而不是50美元/桶；20美元/桶的日子怕是永远不会重现了。