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Dodging the bullet

For those of you not paying attention to the news last week, here’s a quick summary: The United States economy nearly collapsed, taking the world economy with it. Only a quick infusion of cash by the Treasury Department prevented full-scale collapse. The problem: peak oil. The solution, such as it is: print money, sensu Weimer Republic. Ben “Helicopter” Bernanke is living up to his nickname, and he’s getting a loan from Henry Paulson.

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Destroying demand

People keep asking me why the price of oil has fallen from its recent spike to nearly $150/barrel. Trust me, I’m not responsible for the price decrease. Or the preceding price increase, for that matter.
I’m surprised, too. I didn’t buy oil futures, and yet the price of oil fell.

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