A Big Summer Story You Missed: Soaring Oil Debt
Last July the government agency, which has collected mundane statistics on energy matters for decades, quietly revealed that 127 of the world’s largest oil and gas companies are running out of cash.
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Why doesn’t the ‘long emergency’ feel like an emergency?
What appears to be masking the ongoing emergency is the rise in stock and bond markets. The disconnect between the still sluggish economy and the stock market which keeps hitting new highs is one indication that dangers lurk in the world economy.