Both excellent articles. They present both sides of the arguments well.
Can anyone explain why going from 86 mill b/d to 83 mill b/d ie 3.5% reduction is "Incredible".
Id say its incredible its not more of a reduction, given the climate we are in, but i dont think thats what he means.
Did anyone watch "Teleb"s interview on CNBC tonight, author of "The Black Swan" a book about rare events.
He tried to explain it in the most simple terms, and I find it amazing that the media and public and govts cant grasp mass deflation. His concept was simple: "we need to convert debt to equity and start again"
Anyone care to state what that will do to the price of oil?
Both excellent articles. They present both sides of the...
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