08 Oct '12, 2pm

Drumbeat: October 8, 2012

While I rarely trust price spikes and other numbers in an election year (here in the US), and considered the 2008 oil price spike to be a bit of a fluke (if not a warning), I think reality is taking it's toll. I got a strong sense from last week's presidential debate that reality was certainly taking its toll on Obama; he seemed a bit overwhelmed by the numbers he knew he couldn't talk about (and expect to get elected), while Romney was, as yet, unaffected by reality. This didn't escape Kunstler: What a jaunty fellow Mitt came off as, compared to poor Mr. Obama, cloaked in presidential gloom, the wearisome woes of high office and all that - or perhaps just some indigestible tidbit served out of Air Force One's galley, an infected cocktail weenie, a shrimp with attitude, or an empanada with the E coli blues, who knows.... To be sure, Mr. Romney's ebullience had a crafted ta...

Full article: http://www.theoildrum.com/node/9551

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