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.
Or are they attempting to cause an overthrow of Iran who is on the verge of becoming a Nuclear State?
The fracking business can get back up and running faster than the business sector began.
In the short term, I also think the more sane Arab OPEC members are attempting to starve ISIS of financial resources. Without money, ISIS will be defeated in the not too distant future; and ISIS has been the biggest threat to the Saudis.