Thanks! All credit is due to Steve Keen though, he's the only modern economist worth listening to, IMO, a student of Minsky's work, who himself was a student of Schumepter. Basically, his central argument is that our economic growth has been based on private credit expansion for the last 30 odd years (actually now I recall he places the start of the problem in the '60s) and we have now hit a limit, and the monetarist solution of slashing rates will not work as no one is either willing or able to take on more debt. I would say while oil is powerful, it is as nothing compared to the power of the Lords Of Finance. they really have us over a barrel (pun, lol)