My friend Tom, who also blogs here, sent me an email today. Referencing Kos'
diary about real wages declining and another at
The Oil Drum entitled "Even OPEC admits there's a problem."
Seems Algeria is saying there's no way OPEC can meet production quotas for 4th quarter since they're already at full production and there's usually a spike in the 4th.
So, time really seems to be running out fast. Wonder what's going to happen. What the response will be?
Will Algeria and other OPEC countries be able to stockpile enough to cover the 4th quarter? What if we have a bad winter? What if another refinery blows up? So close....