{"id":336,"date":"2014-10-20T21:52:50","date_gmt":"2014-10-20T21:52:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=336"},"modified":"2014-10-20T21:52:50","modified_gmt":"2014-10-20T21:52:50","slug":"omenland-kunstler","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=336","title":{"rendered":"\u201cOmenland\u201d | KUNSTLER"},"content":{"rendered":"<p><a href=\"http:\/\/kunstler.com\/clusterfuck-nation\/omenland\/\">\u201cOmenland\u201d | KUNSTLER<\/a>.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 1.2em 0px; border: 0px initial initial;\"><span class=\"dropcap\" style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 3em; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-weight: bold; float: left; position: relative; line-height: 0.7em; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 11px 5px 0px 0px; border: 0px initial initial;\"><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 50px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; padding: 0px; margin: 0px; border: 0px initial initial;\">D<\/span><\/span><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; padding: 0px; margin: 0px; border: 0px initial initial;\">id a few loose strands of Ebola seep into the organs and tissues of global finance last week? The US equity markets sure enough puked, the Nikkei bled out through its eyeballs, all the collagen melted out of Greek bonds, and treasuries bloated up grotesquely on a putrid stream of terrified \u201cliquidity\u201d that led two Federal Reserve proctologists to maunder about the possibility of a QE-4 laxative, out of which, in due time, will surely gush explosive bloody fluxes of deeper financial sickness.<\/span><\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 1.2em 0px; border: 0px initial initial;\"><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; padding: 0px; margin: 0px; border: 0px initial initial;\">The oil price fell on its face so hard it crashed through the floorboards. One particular idiot at NPR<\/span><em style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px; border: 0px initial initial;\">\u00a0<\/em><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; padding: 0px; margin: 0px; border: 0px initial initial;\">wrote\u00a0that\u00a0this means peak oil was a hoax (<\/span><a style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: #3a6735; text-decoration: none; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px; border: 0px initial initial;\" title=\"NPR Peak Oil Prtedictions Prove Slippery\" href=\"http:\/\/www.npr.org\/2014\/10\/17\/356713298\/predictions-of-peak-oil-production-prove-slippery?utm_campaign=storyshare&amp;utm_source=twitter.com&amp;utm_medium=social\" target=\"_blank\"><em style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px; border: 0px initial initial;\">Predictions Of \u2018Peak Oil\u2019 Production Prove Slippery<\/em><\/a><span style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; padding: 0px; margin: 0px; border: 0px initial initial;\">). I guess she didn\u2019t notice that the junk financing associated with shale oil capex is also dissolving like the poor late Thomas Eric Duncan\u2019s circulatory system. That is, expect a whole lot less drilling in the Bakken and the Eagle Ford in the months ahead, and a substantial fall in production. Unless the US government finds a back door to shovel money at shale (a possibility considering the crucial myth of \u201cSaudi America\u201d to Wall Street psychology), the investment will not be there for the relentless drilling and re-drilling.<\/span><\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 17px; vertical-align: top; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 1.2em 0px; border: 0px initial initial;\">&#8230;click on the link above to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cOmenland\u201d | KUNSTLER. Did a few loose strands of Ebola seep into the organs and tissues of global finance last week? The US equity markets sure enough puked, the Nikkei bled out through its eyeballs, all the collagen melted out of Greek bonds, and treasuries bloated up grotesquely on a putrid stream of terrified \u201cliquidity\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[223,276,305,449,594,617,700,723,860],"class_list":["post-336","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-ebola","tag-eric-duncan","tag-federal-reserve","tag-james-howard-kunstler","tag-oil-prices","tag-peak-oil","tag-saudi-america","tag-shale-oil","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=336"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/336\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}