well today’s close is just above $30/bbl but I have no doubt that we’ll go through that threshold tomorrow.
I found this chart which shows the great similarities between the run up in the period before the 1980’s great price crash and today’s. It took almost 20years before the damage from that earlier bust was undone and I fear we are looking at nothing less than a decade this time.
what is this monster that we allow ourselves to be led so easily by into the morass?