Surprises-not #3:

Dec 15, 2008 21:00

  • With huge numbers of people unemployed, and more rolling into the offices, the states are running out of money to pay benefits.  Like 30 out of 50 states.
  • Drill-baby-drill just went *choke*, as oil companies are suddenly unwilling to finance new exploration.   Existing wells are being shut down as uneconomical to operate, and forecasts are looking like oil will reach $30 a barrel, as the Chinese economy goes into full slump.  These things seem to be interconnected, don’t they?

oil, china, taxes, finance, big-oil, government, renmin, usa, energy, recession2008, business, energy-series

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