This is a post run just over a year ago, by emeritus TOD contributor Stoneleigh. It was instructive as much as it was prescient. Both Stoneleigh and her writing partner Ilargi at The Automatic Earth have had a consistently, and unabashedly phenomenal, call with respects to the financial and debt crisis. It is certainly not over, but we now begin to see the impacts such a crisis on future energy supplies - it's like losing the battle as well as the war. Still, the quickness of the deterioration in the economy may be a blessing in disguise - more resources left in ground for some better planned use. Below the fold, a reprint of Stoneleigh's excellent primer on the credit crisis. Right about now is when it starts to impact the energy world. [break] We have been living in inflationary times, for as long as most of us can...
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