There have been a few important developments in the world of energy that everybody needs to be aware of. The energy industry has become more unstable than ever even without the appearance of disruptive technologies like low energy nuclear reaction (LENR) and it looks like it is about to get worse.
The biggest story is that the collapse in oil prices is destabilizing many countries including Russia and Venezuela. News stories indicate that super market shelves in Venezuela are empty because the government cannot pay for food imports and that nation’s president is frantically traveling around the world begging for loans and foreign aid to keep his country’s economy functioning. Venezuela’s economy is totally dependent on oil exports, take away the oil exports and the result is depression.