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