by Andrew Hoffman
It’s Thursday morning, and I think I’m going to take a week off from my Audioblog – particularly given the 40-minute, all-topics-included podcast I did with Kerry Lutz yesterday. As for next week, I’ll play it by ear, given that I have a busy podcast schedule as well. To that end, I have a lot to write of today – on this bi-annual OPEC meeting day; in which, UGGGHH!, yet another “production freeze” rumor was circulated yesterday to boost a flagging oil price – which has a ZERO chance of occurring (as validated by the “no action” communique issued as I edit). But even if it did, it wouldn’t change oil’s horrible supply/demand fundamentals a whit; as absent hyper-inflation, I believe oil prices have nowhere to go but down.