WTI crude oil sinks $4 as $80 gives way

The market today is signaling that the era of easy money for governments is over. That has some serious negative implications for global growth and — by extension — oil demand.


The problem I see is that it also has negative implications for financing the green transition. The plan — particularly in Europe — calls for enormous amounts of spending on the transition but if the fiscal taps are turned off, what happens?

James Rogers

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