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Ed Wallace

And so it goes

Hard to believe that it’s been almost a year since the oil market started coming undone. And it’s only two weeks since the last set of so-called expert predictions that oil prices could collapse farther — maybe as low as $20 a barrel. But then again, at the time of those predictions the stock market was unraveling at the speed of light, diving and then skyrocketing like the most overbuilt roller coaster ever. Naturally, some of the so-called experts reminded us that they had predicted this all along. Others pointed accusatory fingers at China’s economic issues; someone should have foreseen that economy’s rather obvious slowdown, they said, and now the consequences could impact everybody.

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