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In fact, the Achilles heel of any attempt to increase energy prices to a point necessary to alter consumer behavior is that this is exactly the type of policy that will face serious political opposition, and probably demise, every time.
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However, as market behavior in recent months has shown, sentiment has a habit of switching and sending prices plummeting as fast as any rally.
WSJ: Oil Market Finds Itself in 'No Man's Land'
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Regardless of rising prices, people who eat natural food are unlikely to change that behavior, as it is a lifestyle choice, according to Wolf.
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He also warned in periods when deleveraging is a powerful factor, history can often repeat itself by means of another decline in stock prices that is not necessarily expected by investors who are not aware of past patterns of economic behavior.
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