Peak Oil & Climate Change – Earnings: INE, FTS, AQN, EMA, WJX
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The historical connection between oil prices and interest rates is both cannot rise together for very long without having a negative influence on the economy. The economy is not able to handle both rising at the same time.
Two oil crises in the 1970's, along with rising government debt pushed interest rates to the mid-teens by 1980 in order to quell inflation. Peak Oil was the dire and popular prediction of the time. Oil was going to run out, the facts of the day supported this.
Peak Oil has now been replaced by Climate Change as an all but certain outcome. But as happened to Peak Oil, technology improvements have the power to change the goal posts for Global Warming, given time.
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