resourceinsights Now here is what peak oil thinkers couldn't foresee: That investors would subsidize the production of vast amounts of oil rather than seeking a return on their capital and that they would do this year after year even in the face of the obvious financial evidence. Essentially, Wall Street has been subsidizing the consumption of oil on Main Street.Ask yourself, did the bank bailout not also defy all economics? Of course, the tight-oil investors are backed by implicit bailout guarantees. Why? They are investing in the whole American system.
Sunday, July 8, 2018
at 7:37 PM