2008 type of collapse: Lowest ever: Saudi OSPs are still at premiums to fair market value, and the price trend is still up. If it keeps going all heck breaks loose: The President threw the strategic petroleum reserve at it, and lots of other nations did the same, to no avail. And the calendar spreads […] The post Consumer sentiment, NY manufacturing, oil prices appeared first on Mosler Economics / Modern Monetary Theory .
2008 type of collapse:Lowest ever:Saudi OSPs are still at premiums to fair market value, and the price trend is still up. If it keeps going all heck breaks loose:The President threw the strategic petroleum reserve at it, and lots of other nations did the same, to no avail. And the calendar spreads in the futures market is indicating absolute spot shortages:
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The post Consumer sentiment, NY manufacturing, oil prices appeared first on Mosler Economics / Modern Monetary Theory.