THC Email to Clifford Wirth, January 1, 2009
One way or another we are all in a fine mess. The world economy is close to cratering and the US is headed for a period of hyper-inflation and stagflation while government issued debt crowds out the private sector from the credit markets.
Oil is the other shoe in the mess. The current credit crunch has lowered demand and oil prices. Can oil companies explore and produce remaining expensive oil with prices below $50 per barrel?
Wednesday, January 21, 2009
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