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| James Howard Kunstler |
 Black Swans, Dead Cats, Live Bats, and Goodbye to All That (7) |
JHK - sometimes I wonder if you understand economics. Oil is cheap 'because' demand is down, and supply is way up. So, energy inputs to the economy are dirt cheap right now, the time when you need it actually to restart the wheels of industry. Bad for energy producers, but good for everybody else. Perhaps in the long run, more than ten years out, shale will peter out, but for now, there's more cheap en... |
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