[JV153]

Good analysis updated July 2014.

http://www.economic-undertow.com/2014/0 ... t-so-fast/

[sunweb]

Clear and well done.

[ROCKMAN]

I agree although a tad long to make some obvious points IMHO. But one misstep which would allow the cornucopians to rightfully trash him: "...the failure of high prices to create new supplies". No new oil supplies from the tite reservoir plays which are being vigorously drilled for just one reason and one reason only: high oil prices??? An error he compounds by assigning the surge in US production to "new technology". So many valid statements tainted by some very wrong serious thoughts IMHO.