Quote from: TDoS on Feb 13, 2024, 03:31 PMOil prices look to have been assimilated pretty readily into the current economic conditions
If you consider exponentially increasing debt load to be assimilation everything is just peachy. If drillers can borrow money they can't pay back to drill, then go BK and leave the bad loans to the banks and then the banks are bailed out by the government, you have a virtuous economic cycle!
Sorry Charlie, all that is happening here is kicking the can down the road a piece. I'm living OK, but it costs $16K/mo for me to live in splendor. This princely sum is paid by Medicare and Medicaid, which is being paid by debt financing.
So, if you are among the people who believe that deficits don't matter and you can live on credit forever then we have no problem at all. I don't buy this economic bullshit. You can beelieve whatever you want.
RE