Thursday, November 12, 2009
Drop in US energy use drags stock market lower - Yahoo! Finance
Sorry for posting these news items without explanation -
OK - here's the problem:
1) for the world-wide economy to improve requires oil production in excess of 86 million bbls/day.
2) maximum oil supply available is less than 86 million bbls/day.
3) When demand exceeds supply oil price immediately spikes which kills demand and therefore the economy.
Drop in US energy use drags stock market lower - Yahoo! Finance
OK - here's the problem:
1) for the world-wide economy to improve requires oil production in excess of 86 million bbls/day.
2) maximum oil supply available is less than 86 million bbls/day.
3) When demand exceeds supply oil price immediately spikes which kills demand and therefore the economy.
Drop in US energy use drags stock market lower - Yahoo! Finance
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