Fascintai​ng gem here..................from Rico

This is indeed a most fascinating 'gem' of news.

OK, the concusion that government subsidies "...do more harm than good for consumers" is't new, but it's not publicly said often enough.

- Governments tend to damage almost everything they touch, yet collectivists and Keynesians persist in the idea that MORE government intervention is needed, not less. [I used to argue that the only difference between Taiwan and mainland China was not the people (who are damnably smart businessmen) but the respective governments which accunted for the per capita income of Taiwan being +$27K and that of Red China <$700 per annum.] This is yet another 'signal' that the Petrodollar regime establishe by Kissinger in the '70's is getting increasingly 'wobbly' as the USD is debauched. - As the article said "...increasingly on the wrong side" of currency exchanges. When oil stops being 'priced' in Dollars, and/or stops being 'paid for' with Dollars, the endgame of the USD will be at hand, ad this is truly a key event to watch for. An Unexpected
Energy Development in the Persian Gulf