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To: EBH

Low Oil Prices Put The World Economy At Risk In The Longer Term

Read more: http://www.businessinsider.com/how-low-oil-prices-could-crush-the-economy-2014-11#ixzz3LiI7L9tz

Some of these countries use oil to repay debt, the question then should be, “Why is OPEC fueling the glut?” There is a serious downturn being orchestrated, but by whom and why?

Sure we’re fracking and if we had the Keystone Pipeline I might agree we’re actually causing the free fall in crude. But, prices drop too far...then fracking is not worth the cost, unless we’re at war.


50 posted on 12/12/2014 11:29:08 AM PST by EBH (And the angel poured out his cup...)
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To: ontap

ping to the Business Insider article.


52 posted on 12/12/2014 11:31:19 AM PST by EBH (And the angel poured out his cup...)
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To: EBH
the question then should be, “Why is OPEC fueling the glut?”

OPEC isn't feeding an increase in production, the US is, and to a lesser amount, Canada.

56 posted on 12/12/2014 11:37:22 AM PST by thackney (life is fragile, handle with prayer.)
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