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Confirms My Suspicions

Started by Eighthman, November 30, 2013, 01:47:48 PM

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Eighthman

http://www.zerohedge.com/news/2013-11-29/when-they-say-global-economy-growing-they-really-mean

From time to time, I question myself as to becoming addicted to conspiracies or just blindly hopeful of radical change in a manner related to my age.  Is most of the world really just an illusion, headed for a day of reckoning?

And then I see things such as the above...

Sgt.Rocknroll

I'm really confused here...one story on said link is:

http://www.zerohedge.com/contributed/2013-11-29/oil-supplies-storage-passing-400-million-threshold-soon

I really  don't understand this article at all. The current oil supply stands at roughly 728 million barrels of oil in the U.S. not counting other countries...this quote from the webpage:


"A year ago oil in storage stood at 274 million barrels, and with another robust year of domestic production, and despite curtailed imports, the US Oil Inventory stands at 391 million barrels and climbing."

The storage is currently at 728 mbls and has been for several years..

Don't understand the reasons for this article... :o
Non nobis, Domine, non nobis, sed nomini Tuo da gloriam

Eighthman

I think the oil story is just an overview for investment purposes. The "One Sweet World" graph is what I find alarming because it suggests a chasm of disconnect between growth and financial markets. The economy, as judged by these markets, just isn't real.

Sgt.Rocknroll

I understand, but given the info is really off, I wouldn't use them for investment purposes. lol...But I agree there is a disconnect here.... :D
Non nobis, Domine, non nobis, sed nomini Tuo da gloriam