theoildrum.com: Gail Tverberg’s Talk: Expected Economic Impact of an Energy Downturn
theoildrum.com: Gail Tverberg’s Talk: Expected Economic Impact of an Energy Downturn Comments (46)
Well, I disagree that oil is purely going up for reasons of peak oil. It is definitely partly a result of printing dollars. BUT, the peak oil issue means that oil will continue to attract hot money, because potential gap between supply and demand make it a safer investment, and that is rare in today’s climate. Hense, it takes on a similar aspect to Gold. Scarcity stops corporations and governments from flooding the market to lower prices. Trust markets, not governments!
Original post by planning4acrash
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