Goldman Sachs Sees Increasing Risk of Rising 2012 Oil Prices - Businessweek: "Nigerian labor unions said they will continue a strike that threatens oil exports from Africa’s top producer because no agreement has been reached yet with President Goodluck Jonathan on restoring fuel subsidies."The US/UK/Japan bank empire keeps printing money, and keeps collapsing. At some point in the de-leveraging, some part of the imaginary wealth has to be backed by real production. The problem is, most of the "production" is just a billion wasteful consumer products [autos] and inefficient sprawl that depend on fossil-fuels. A million more soldiers could not unscramble this egg. The collapse will continue until enough people rise up and do something about it.
Friday, January 13, 2012
Nigeria revolt shows fragility of oil-based western economies
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