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…

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: