Excess Supply = Prices go down
From Quartz- Decades-old quotas limiting
milk production will be lifted, opening up the market for export to countries like China. Ireland is set to
produce 50% more milk by the end of the decade. The Netherlands and Germany are
also increasing production by 20%.
With global production rising and energy use subdued, worldwide production of crude oil is now exceeding demand by about 1.5 million barrels per day compared with consumption of 93 million.
A Gary Shilling Insight, April 2015
The production of too many useful things results in too many useless people
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