Posted on 02/03/2015 7:54:17 PM PST by tcrlaf
oil prices didn’t ‘collapse’ they got back dfown to where they should be- all that hogwash about ‘rising demand’ driving up prices for years, then all of a sudden demand apparently just drops off severly? Not buying it- There was NO need for prices to have doubled under this present administration- yet it did- Demand for oil did NOT double from 2008 to 2009- yet the price of oil did! Please explain that one to me? We didn’t double our demand in just over a year- nor did the world’s population double suddenly, nor did businesses around the world double- so where did all this new demand come from? They claim ‘supply and demand’ Yet we’re now back down to hwere it should be DESPITE the supply and demand being nearly exactly what it was al lthese years?
They’re getting warm. This is theory “B” to me. Theory “A” is that Russia’s in control.
Yes, thanks tcrlaf for posting this.
Yes, long-term project of lowering US standard of living has higher consumer prices as part of the strategy.
So temporarily the elite market manipulating masters are lowering the price of oil.
Since this is at odds with announced policy and what we saw for a few years, then the goal of this drop in oil must be for some other near-term objective.
The only possibility is putting the squeeze on Russia to allow the EU, et.al., i.e., Western banking, to fully absorb the Ukraine.
The ME ruling families are fully absorbed into Western finance if you examine their sovereign wealth funds, etc., so they happily obey the current dictate for lower oil price - even cutting production so as to not “waste” by selling oil into these low priced markets.
Despite production cuts, market magically stays low. LOL.
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