OPEC spare capacity set to reach levels last seen in the depths of the financial crisis in 2009, analysts say...The Telegraph (UK)
One piece of the jigsaw puzzle is missing to complete the deflation landscape across the West: a slide in oil prices. This is becoming more likely each month.
Coming 'oil glut' may push global economy into deflation
Ambrose Evans-Pritchard
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Also Chasing the Dream of Half-Price Gasoline from Natural Gas
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At a pilot plant in Menlo Park, California, a technician pours white pellets into a steel tube and then taps it with a wrench to make sure they settle together. He closes the tube, and oxygen and methane—the main ingredient of natural gas—flow in. Seconds later, water and ethylene, the world’s largest commodity chemical, flow out. Another simple step converts the ethylene into gasoline.
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