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rokdok25
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>Black Swans, Dead Cats, Live Bats, and Goodbye to All That  - James Howard Kunstler - 
J - surely James' point is that shale oil is fundamentally uneconomic, in the past and certainly in the present. If and when the wheels of industry crank up again in the USA it won't on the back of shale oil production - unless it is heavily subsidised by taxpayers. Cheaper oil from competing OPEC producers will be available as will the developing non-fossil fuel alternatives.

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Beginning of the headline :Had enough excitement yet? At least the stock markets are following an established script: the bubble pops, the elevator drops, for a while it stops… and then investments sink to the deepest sub-basement, where they linger for long, long time. Hello, next great depression…. We know how that story goes, even if it hurts. This corona virus is something else. It engulfs whole populations in a fog of confounding narratives. Is it no worse than a bad common cold, except for old folks already half-gon... Read More
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