And as Congress passes huge spending bill.
“Tumble” and “Free-fall” are not quite accurate. “Slightly down in midday trading” is far more accurate, but not nearly as dramatic.
Will they sell the excess to the EU? I'd say it's all about storage capabilities right now.
Obomination continues his unswerving drive to both corner and propel Putin into an action borne both of anger and desperation...is this one of the “hooks” that God will use to drag Russia down to Israel—to capture the Middle East oil and deliver Israel to its Arab enemies?
I don’t watch the business channel chatter during the day and so on, but the story I’ve heard is that the oil sheikhs are driving the oil price down to destroy the fracking industry in this country.
The fracking companies are invested in “high yield bonds” which are falling in value and I was advised to cut back on any investment I may have in those bonds as a result.
Russia may survive (thanks to that US$400 billion 30-year deal with China to develop eastern Siberian petroleum resources), but Iran and Venezuela may not.
This will really rip the state of the vainglorious Putininstan (formerly known as Russia and now a full blown third world country) and Iran.
I’m curious why the market is falling, since lower oil prices are good for most other businesses.