Showing posts from January 15, 2011

Gregor Macdonald : Turmoil in Global Energy Markets with Max Kaiser On the Edge -01-14-2011

In this edition of Press TV's On the Edge, discusses the crisis in the energy market and its relation with the credit market. Max Keiser and his guest, Gregor Macdonald, basically argue that the two issues are strictly tied to each other and the fall in production of oil, puts the credit market in danger. Ironically, a sharp increase in fossil fuel production has triggered a climate change and has made the coal industry, for instance, to go offline.