a) Weakens America/AmericansOr some combination of the above.
b) Distances America's allies
c) Strengthens America's enemies
d) Attacks Christianity
e) Serves Islam
f) Harms Israel
There are NO counter examples.
Posted on 11/20/2015 2:13:25 PM PST by Lorianne
The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned.
Goldman Sachs told clients that the increasing glut of oil on the global market has combined with mild weather from a freak El Nino this winter. The twin-effect could send prices plummeting to $20 a barrel, the so-called ‘cash cost’ that forces drillers to abandon production. “Risks of a sharp leg lower remain elevated,†it said.
Oil has fallen from $110 a barrel early last year and is hovering near $40 for US crude, and $44 for Brent in Europe.
The US investment bank said the overall glut in the commodity markets may take another twelve months to clear. It cited ‘red flag’ signals on the Shanghai Future Exchange over recent days. Copper contracts point to “imminent weakening†in China’s ‘old economy’ of heavy industry and construction, it said.
(Excerpt) Read more at telegraph.co.uk ...
Although I could usually care less about how something affects Russia’s economy, I have two fears now.
One, that they will not be able to afford the withering attacks on ISIS.
Two, someone like Putin tends to turn towards nationalism when things turn south. That leads to trouble.
Just wait for the feds and states to increase the taxes to bring oil back up to $3-4 a gallon since they need their revenue.
If we had a lick of sense (and weren’t being ruled by madmen bent on our utter destruction) we’d take advantage of this to replenish our strategic petroleum reserves.
The Saudi’s are clearly against Russia and Russian intervention in Syria and are pushing the oil price down to destroy the Russian economy and take out our domestic industry (a twofer).
I predict Russia will kill two birds with one stone by disrupting Saudi production.
Man @#$@#$ Saudi Arabia!!
This needs to be a rallying cry as any fool knows their money was behind 9/11 and a million other terror attacks.
that bush covered for them because his whole family is in bed with them.
that they have given TENS of billions of dollars to terrorists, whether or not to protect their own hide doesn’t matter.
They have to go.
I would love to see them rubble.
...in such a way that ISIL/Daesh gets blamed!
I thought our strategic reserves were pretty much topped off?
I'd settle for mecca and medina becoming self-illuminated glass parking lots.
With this glowing proof that their pig-god can't even protect his holiest places, islam would ultimately implode.
I predict Russia will kill two birds with one stone by disrupting Saudi production.
That’s exactly what Russia SHOULD do.
Perhaps your data is more recent than mine, but I recall them being depleted to drop the pump price before an election.
Don’t recall hearing that they’d since been replenished.
They own the Bushes, the Clintons and Obama bowed to their king. They own a lot of people.
Rubble,no,much too big.Sand particles,yes.
P.S. how about them Bills!
Perfect time to be selling off our strategic reserve... Who is the moron behind that decision. Oh yeah. Obama
Wiki says you are correct.
Don’t know either,but just e few weeks ago,they were talking about selling a bunch off.
So much for "renewable" energy.
Oh,what else does wiki say about me.What ever it is,I didn’t do it.:)
a) Weakens America/AmericansOr some combination of the above.
b) Distances America's allies
c) Strengthens America's enemies
d) Attacks Christianity
e) Serves Islam
f) Harms Israel
There are NO counter examples.
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