Ya, new oil and gas projects will never recover their costs, and therefore, they won't be profitable, but governments will keep them afloat. However, countries that import energy resources struggle to afford purchasing oil on the global market. Yikes.

I've been keeping half on eye on this because it looks like it's going to be a dark winter. Europe is buying everything it can, and oil exporting countries prefer selling to the highest bidder. So, things are looking dire for poor countries.

Wall Street's hand in the prices play a big part. The bankers manipulated the market by announcing the future price of oil will increase, and the speculation instigated higher prices and stocks.

Ha. During the financial crisis I left the US and got a job at a bar in the Caribbean. Broke on a tropical island was much better than broke in San Francisco or Los Angeles.

I think about the wealth transfer, and splitting one home between two or three kids will help with a home deposit for each kid, but the wealth (from a single house) won't be enough to purchase homes outright for families with more than one child.

My parents divorced, and my dad who was the bread winner, remarried. So, the only thing me and my siblings will receive is my mom's debt. Ha. Thankfully, I don't think you can pass on debt, but Los Angeles County decided to impose a tax on family home transfers. I don't agree with this policy, and my friends who will receive a home in their inheretence can't afford the tax. The policy hurts middle class families and the housing situation in LA. It's absurd.