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Indeed Michael. GREAT ESSAY!!! The transitions from wood to coal and coal to oil, each took over 50 years, and the prices were heading in the right direction. Now we have price and financing headwinds and deniers. And a total shithead on his way to White House who wants to drill baby drill. What else could go wrong? Check out my latest missive (and pass it on): https://medium.com/@daneke/dispossession-by-derivatives-how-securities-became-less-secure-6dc7bb84bc34

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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