Oil & The Economy: The Limits Of A Finite World In 2015-16
Submitted by Tyler Durden on 01/07/2015 21:45 -0500
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The price of oil is down. How should we expect the economy to perform in 2015 and 2016?
Newspapers in the United States seem to emphasize the positive aspects of the drop in prices. I have written Ten Reasons Why High Oil Prices are a Problem. If our only problem were high oil prices, then low oil prices would seem to be a solution. Unfortunately, the problem we are encountering now is extremely low prices. If prices continue at this low level, or go even lower, we are in deep trouble with respect to future oil extraction..
Quelle: https://gailtheactuary.files.wordpress.com, zerohedge.com
Quelle: https://gailtheactuary.files.wordpress.com, zerohedge.com
Quelle: https://gailtheactuary.files.wordpress.com, zerohedge.com
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