BOOM GOES FRACKERS, BOOM GOES HIGH YIELD DEBT, JUNK BONDS IMPLODE< BUST GOES THE ECONOMY, AND THERE GOES THOSE FREAKIN TOO BIG TO FAIL BANKS AGAIN, JUST LIKE IN 2008 — PLUS VENEZUELA, RUSSIA, AND THE NORTH SEA ALL SWIRLING AROUND THE TOILET BOWL. Gold cratering, all currencies weakening, silver weakening, China slowing and moving all $ not nailed down to US apartments and hotels.
Saudi Arabia is blowing the tail off their own airplane. Brilliant!
Interesting deja-vu all over again article here: http://theeconomiccollapseblog.com/archives/guess-happened-last-time-price-oil-crashed-like
I don’t think this will do anything other than domesticize American gas and cheapen it - hurting foreign oil.
“Saudi Arabia is blowing the tail off their own airplane. Brilliant!”
Yah, let’em nose dive. Another benefit of the U.S. Oil boom is that we (U.S.) may not feel compelled to defend the Shiekdoms from future aggressors. Will be too funny to watch :)