Oil Set to Rocket

Some of us stopped believing in fairytales long ago and then there were those that never thought that Goldilocks ate anybody’s porridge. So, there are two types of believers. Those that did and now don’t anymore because they have grown up and those that never ever did have the wool pulled over their eyes. It’s the same with the economy these days. Either you believed that it was getting better and listened to the propaganda emanating from the once-hallowed portals of the statist politik bureau of the government or you never believed a word of what got spun by the spinners and the media-controlling decision-makers that are there to eat your porridge and sit in your chairs (even lie in your beds). The latter have always thought it was all just a load of old Tom Cobbley from the start.
So is the economy getting better or is it a fairytale dream?
Who knows the answer to that question today? Well, if we believe the International Energy Agency (IEA), then the economy is getting better around the world since oil consumption is increasing. It has been forecast to increase and will outstrip even shale oil production which is most certainly taking off in the USA today and is set to do the same elsewhere (in the UK, for example). Whether we believe the IEA is another matter entirely, but it is the organization that advises the largest energy-consuming countries in the world on their policies regarding energy consumption and production.  (more)

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