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$100 oil is a distinct possibility : Comments
By Nicholas Cunningham, published 28/9/2018The outages from Iran are worse than most analysts expected, and bottlenecks in the US shale patch could prevent non-OPEC supply from plugging the gap.
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And as that occurs, as last time, reduce the entire economy and ring in the very conditions needed to create another GFC?
This miscreant manipulation of a market protected by blatant collusion from fair and open, free-market competition? Is likely to bring the debt-laden US economy once again to its knees and turn brother against brother, father against son in the search for personal economic survival?
And a new rust bucket debt-laden economy marked like the last one, by soup kitchens and tent cities?
The reaction by the emerging economies is likely to be completely unsuspected and unheralded as their own economic survival forces change on the entire energy-dependent economy?
And will inevitably include the ramped up production of virtually costless biogas (methane) and coal to fuel conversion in those areas blessed with significant coal reserves?
Moreover force forward the complete and now seriously overdue transition to electric motor vehicles/transport options?
Plus, decarbed economies/MSR thorium!
Who will Mr Putin sell his overpriced, price-gouged oil and gas to then?
Alan B.