Think Again

Do you think that the propaganda narrative which explains the collapsing price of oil as being due to a supply glut has any basis in reality?

If you do, the answer this question – where did this come from?

Australia’s biggest coal exporter Glencore will suspend its Australian coal business for three weeks in a move never before seen in the Australian market, to avoid pumping tonnes into a heavily oversupplied market at depressed prices.

Another supply glut, perhaps? Or could it, just possibly, be a global demand issue? Think about it. Think again.

Oh, and you Keynesians, that 2% inflation thing? Good luck with that…

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