Yep, oil under $70 is telling. But the problem with that is there won't be much drilling going on at those prices. And what really blows my mind is that NatGas has fallen well below $3. Yeah, it was a mild winter both here in North America and in Europe, but still. It definitely smells like a deep recession.
So long as the US and China continue bickering, there can be no "China recovery."
The lesson here is that the leaders of most countries need to be in jail, but that fact has not a thing to do with the "business" of the world proceeding. It must or hard times are ahead for everyone.
I suppose the $64K question is knowing when the trough low point has been transited (and how long the doldrums will last).
Meanwhile, low petroleum prices translates into poor outlook for far more expensive alternative energy sources such as Solar PV, Wind, Biofuels and Hydrogen. In recessionary times, the low price bid gets the contract.
Another adage: if the purported ‘sustainable’ solution doesn’t have an economic component in the sustainability question, then it isn’t sustainable.
Most people championing “climate protection policies” are ignorant of this fundamental axiom (or they ‘choose’ to remain ignorant).
Yep, oil under $70 is telling. But the problem with that is there won't be much drilling going on at those prices. And what really blows my mind is that NatGas has fallen well below $3. Yeah, it was a mild winter both here in North America and in Europe, but still. It definitely smells like a deep recession.
So long as the US and China continue bickering, there can be no "China recovery."
The lesson here is that the leaders of most countries need to be in jail, but that fact has not a thing to do with the "business" of the world proceeding. It must or hard times are ahead for everyone.
I suppose the $64K question is knowing when the trough low point has been transited (and how long the doldrums will last).
Meanwhile, low petroleum prices translates into poor outlook for far more expensive alternative energy sources such as Solar PV, Wind, Biofuels and Hydrogen. In recessionary times, the low price bid gets the contract.
Another adage: if the purported ‘sustainable’ solution doesn’t have an economic component in the sustainability question, then it isn’t sustainable.
Most people championing “climate protection policies” are ignorant of this fundamental axiom (or they ‘choose’ to remain ignorant).