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OIL: In a shrinking economy, demand for crude falls. That’s it.

LessThunk comment: The basic economics of crude tends to confirm that the economy has already gone through at least one “cycle” smaller, and now we have to figure out whether that was enough or if there is still more reduction to come. Read Jeff’s wisdom in full..

http://seekingalpha.com/article/3194446-the-basic-economics-of-smaller-economy

crude-oil


Categorised as: economy | energy

Posted by: Phaedrus



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