I'll close my window.
OIL IS FUCKED
Camden Scott
Carson Myers
I have none of these things, just a hope and a dream and a can-do attitude!
Brandon Price
Welp it was fun when it lasted ¯\_(ツ)_/¯
William Price
Economists have usually considered the factor energy plays in the development of an economy, something strangely absent in the keynes on economic stock that makes modern economics. This particular economic priesthood has made every commodity into a 'corporate stock' value mentality, well highlighted by the statement 'Oil is Fucked'
Its not its super cheap and the cartel collapsed, well what remained of it. Sure shale stops getting investment and the reserves go untapped, but now you can make 6-7 skip the dishes deliveries for the price of what used to be 2-3, farm inputs get cheaper, litterally everything becomes cheaper. Basically a predictable economic boom, but this current priest hood calls any coorelated price decrease 'deflation', are their ideology bans the idea that things should get cheaper.
Their religious zeal towards a constant positive inflation rate (3%) isn't baseless, but a requirement of the fractional reserve lending money system that requires new loans be made to pay for interest payments, not a consideration when most the economic canon was constructed, whose participants enjoyed hard money, a gold standard.
So young user, oil consuming places will see the constant price increases probably stall for longer than oil producing places
Cameron Jenkins
>USA hits harder debt
>Cuts down on foreign aid
>No more money for Israel, africa, russia or third world shit holes
USA is starting to crumble like the british and roman empire
Isaac Kelly
>We'll have to learn to farm and/or hunt again
>survive off the land now.
There is nowhere near enough wild game or unoccupied arable land to do this.
Wyatt Bailey
>2008
>dont remember much
wtf u r litrly 10 years???? old???
Ryan Rodriguez
Well I hope so.
Parker Clark
No bro I am a high school Freshman born in late 2004 so by the time it hit I was just 4 years old, so of course i won't remember much.
Daniel White
A-are you m-me...?