Oil Glut Is Real And Here To Stay
The oil glut will become even much more severe. And we all still hope it might go away while we are not even able to point out what would bring about such a turn. The deeper problem is that much of the world economy has still not dealt with the 2008 crisis. Quantitative Easing has transformed this into a monster with 100 heads. China has produced artificial growth by pumping gargantuan amounts of cash into a ghost economy. The only place with a decent chance to buck the trend is the US with the only economy that produces real growth.
