imHoOnly:)GreenspanSpeak as expected, he is talking how GREAT things will be 10 years from now, and avoiding the present.
My argument remains the timeline between the crisis and the cure are greatly divergent.
When the present is forboding people talk about the paradise that will be in a decade.
Every single solution he gave i heard given 30 years ago and in that the time progress to fulfill the cures have moved ahead at a snail's paced.
He does quickly say 'it is worrisome the lack of refinery capacity to produce the needed product', but then states this will all be solved with LNG-- but, hey,that's at least 5 years away at best.
But he can be decoded clearly on one matter, he was saying in his tangled web of words; that the inevitable reduction of demand will come into play to inevitably stabilize crude oil prices.( he always has loved the word, inevitably)
What he does NOT say is that demand drop is done via recession.
But again i have heard the master of verbal gymnastics, their is none like him except perhaps the late Profesor Irwin Corey:)
Also he quickly squeezed in and then leapt away from, was that he was concerned the NG prices will rise and put the costs of NG rising unto businesses.
Basically he did cartwheels and loop de loops through the bad and then went into a glorious visions of "decades from now".
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