Item of General Interest
Oct. 23 . A new interview by Chris Martenson is now up. He calls it Why There's No Economically Sustainable Price for Oil Anymore.
Monthly Archives: July 2015
Nine Reasons Why Low Oil Prices May “Morph” Into Something Much Worse
Why are commodity prices, including oil prices, lagging? Ultimately, the question comes back to, “Why isn’t the world economy making very many of the end products that use these commodities?” If workers were getting rich enough to buy new homes and … Continue reading
What Greece, Cyprus, and Puerto Rico Have in Common
We all know one thing that Greece, Cyprus, and Puerto Rico have in common–severe financial problems. There is something else that they have in common–a high proportion of their energy use is from oil. Figure 1 shows the ratio of … Continue reading
Posted in Financial Implications
Tagged Cyprus, Debt, energy supply, Greece, Greek debt, oil price, Puerto Rico
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