A gathering of troubles

Kunstler on the "Psychotic Break" at work in the oil and financial markets. In other words, the financial markets are sailing along, seemingly setting records (if one doesn’t count inflation and the CPI) while oil production is heading for a situation when oil producers stop exporting because the oil demands in their own countries have grown so much.

It’s a dangerous situation that according to Kunstler might bring about a catastrophe as early as this fall. Add to that the web bot prediction of an "emotional release" period in the fall (as chronicled on Urban Surival) where there are sudden "travel restrictions" and it looks like dark clouds are on the horizon.

Posted in Economy, Peak Oil