Submitted by Arthur Berman via OilPrice.com,

Enthusiasts believe that shale gas is simultaneously cheap, abundant and profitable thus defying all rules of business and economics. That is magical thinking.

The recently released EIA Annual Energy Outlook 2016 sparkles with pixie dust as it forecasts almost unlimited gas supply at low prices out to 2040 and beyond. Exuberant press reports herald a new era of LNG exports that will change the geopolitical balance of the world and make America great again.

Matthew Milliner, an art history professor at Wheaton, has written a beautiful account of a visit he made earlier this year to Romania, with a group of academics. Excerpts:

“Only Money Outside Of the Matrix" Will Survive ... 

“Gold and silver bottom is in”, renowned silver analyst David Morgan tells Max Keiser on the Keiser Report and warns about paper and digital proxies for money and gold. Morgan, also known as the ‘Silver Guru’ of the TheMorganReport.com, talks to Max about the gold, silver and global bond markets and the ponzi scheme that are these markets.

Following the release of the damning report by the State Department Inspector General, which as we noted earlier, found not only that Hillary's error to surrender all emails violated government policy, but that her use of private email for public business was “not an appropriate method” of preserving documents and that her practices failed to comply with department policies meant to ensure that federal record laws are followed, everyone was waiting for the official response from Hillary's camp. It came out moments ago from Reuters.

A Lykoi or “Werewolf Cat” has been found under a bush in South Africa. The rare kitten, one of only 35 in the world was found by the Tears Animal Rescue feral cat team hiding under a bush in Cape Town.  Tears reports: The only naturally-born South African Lykoi or ‘Wolf Cat’ on record was discovered by the TEARS Animal Rescue Feral Cat team in The Company’s Garden in Cape Town.