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The Day Oil Spikes…

The Day Oil Spikes…

The International Energy Agency is warning that oil could spike and fairly soon.
This is due to the massive decline in investment over the last three years.
If you want an idea of just how low this has gone, Halliburton says a staggering US$2 trillion has been cut in capital spending since oil collapsed from its 2014 highs.
Halliburton pegs 2020 as the time oil spikes higher.
The post The Day Oil Spikes… appeared first on Daily Reckoning Australia.

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Australia’s Economic Oddities Go Viral

Lowe is worried about debt.
If Australia’s prosperity is based on debt growth, then of course lowering rates increases it.
But too much debt is dangerous. It leads to financial instability – a fourth but hidden mandate Lowe has added himself.
The post Australia’s Economic Oddities Go Viral appeared first on Daily Reckoning Australia.

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