Re: Oil Recovery Continues to be a Pipe Dream
I hope you are smart enough to recognize that this is largely FED driven. Easy money from the FED makes everything possible, for awhile. Note when US petroleum exports took off; it is all FED easy money driven. When the punch bowl is taken away, the hangover will be epic. Lol, the FED is now boldly claiming it will shrink its' balance sheet. GL with that! 30 years of criminality on the part of the private sector, and abetted by bought government(through debt and bailouts, of the private sector owners of government), is not so easily unwound. There is no free lunch in this world. You can't pretend that there is. Too bad the peeps responsible for all of this(and richly profited from it), are all long gone, (if they have any smarts that is).