@emptywheel and that's why I said US is too dynamic for those predictions. Fracking, mentioned in @iwelsh, is unforeseen product of dynamism
@iwelsh And the Saudis acknowledged that too--they had hoped we'd hold off on fracking bc of groundwater concerns. @petercowan @aagave
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@emptywheel@petercowan@aagave Convo I had w/someone in the know was that their analysts don't think the fracking play will work -
@iwelsh On water basis? Or we won't be able to sustain the pace long enough to break the ME stranglehold?@petercowan@aagave -
@emptywheel@petercowan@aagave Didn't get the details. Water and politics, I think. The pollution creates local wastelands. -
@iwelsh@emptywheel@petercowan@aagave Yes, like the Brush Country in South Texas between Nueces River and Rio Grande. Now a wasteland of
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@emptywheel@petercowan@aagave But food inflation is causing huge, huge problems for them. Even for Turkey. -
@iwelsh@emptywheel@petercowan@aagave or rather have a large emerg middle class that can afford food, but want the whole Euro/US lifestyle -
@seanpaulkelley@emptywheel@petercowan@aagave Info I have is that wages for many are not keeping up with effective inflation. -
@iwelsh@emptywheel@petercowan@aagave That may be the case--but from what I've seen, that's not the biggest issue, or at least
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@emptywheel@petercowan@aagave Remember, we're seeing Medieval style inflation - even if prices don't go up, quality is WAY down.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emptywheel@petercowan@aagave at least, not if you're the Saudis or most oilarchies, their societies can't take it.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emptywheel@petercowan@aagave As long as the dollar is the world currency, the US cannot be allowed to go to a tight dollar policyThanks. Twitter will use this to make your timeline better. UndoUndo
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@emptywheel@petercowan@aagave Remember, Clinton/Rubin smashed the Saudis in to the dirt, they haven't forgotten that.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emptywheel@petercowan@aagave His comment was that the folks the Saudis have analyzing it are the best, and realistic. We'll see.Thanks. Twitter will use this to make your timeline better. UndoUndo
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