From our little corner of the world we’ve been warning investors off green energy for months, but the mighty New York Times has finally reached the same conclusion.
And, as the news just keeps getting worse, Iran just asked OPEC to cut production by a further 1.5 million barrels per day, which comes just after OPEC cut production by 1.5 million barrels last month! Yikes!
The price of oil just keeps going up. It reached nearly US$123 in New York trading over night.
The increased price of greasing the whole machine…written down, written off, and inflated away. Pity the poor who have to eat…“late, degenerate capitalism” at its finest. Homes wilt like lettuce in the Vegas sun…the Olympic torch passes by Daily Reckoning offices…and more!