keithfeather

Forget the 1930s; We're Reliving 1975 (Part II)

One point not touched upon as a difference... the number of "entitlements" which are now pegged to inflation, CPI, etc. In the 70's, those folks shouldered the burden of high inflation. This time, not so much. Better hope that the fed never acknowledges inflation.

Natural Gas Is Heading to 1997 Levels, Should Stay There Awhile

NG cheaper than coal? Not likely. Delivered coal at $3.00/mm btu generally keeps NG above that floor, as switching is possible.