bhp earnings are in trouble.

In his speech a few weeks ago BHP chief Kloppers was very dour re world demand for commodities increasing during the next 12 months. He didn't say it... but I sense he knows demand will remain depressed for much longer. All base metals are down across the board severely this past fortnight.... 7-8% on avaerage. Oil down 10% in just 5 trading days!! Oil is down 40% from a year ago price of $109.15. It's getting serious. Chuck-in a rise in AUD of about 4% these past few weeks and an INCREDIBLE 40% from around 12 months ago.... and one can see how dire things are!! Remember coal and Iron ore are also priced in USD. These have been re-negotiated at prices 60% and 35% BELOW last year's contracts. Earnings for miners and oilers (gold excepted) are getting smashed... and I think BHP is headed back to low 30's minimum. def DYOR