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Gail Tverberg posts a brilliant piece of the mechanics of how higher oil prices lead to financial weakness, eventually failure

In the light of all the hooting and hollering from wall street about how fracking tight oil and natural gas liguids makes the US the new Saudi Arabia, and the end of peak oil - while at the same time prices at the pump continue to be on uncomfortably and unpleastantly high...

Gail tverberg releases a new post, and a series of articles explode based on it. Read the original post: Read more »

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