This
Oil shock is the opposite of the usual suspect. Most assume that the
promised Oil shock was on the upside ( Goldman Sachs- 2007 when oil was
$137/barrel was calling for $200 oil!) We all would take a fraction of
that price today ( $59.00 midday low on Dec 11th for WTI).
Is there a
conspiracy that created this commodity crash that has happened with
such speed and magnitude that if your head is still on your shoulders it
may need altering with either Scotch , Vodka or maybe heroine!
Food for thought: We
all know that the current administration hates fossil fuels. We all
know that Iran is building a "bomb" and that Russia has invaded Ukraine
& finally that by next year we will be the world's largest Oil
producer in the world ( horizontal drilling ). This of course is a very
troubling development for the largest Oil producer in the Middle East,
namely, Saudi Arabia . (more)
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