Geez! Nothing to celebrate.
This collapse creates conditions on which World Wars are fought.
We are in far greater danger today than 6 months ago.
If this trend continues, they’ll have to settle with wife beatings.
They haven't been dropping this last week. I suspect prices are turning around as marginal wells are shut down. It won't take OPEC to coordinate this. When prices get this low, it just makes sense to wait for them to improve, even if it takes a year or two.
Would you rather own a $50,000 two year US note right now or a 1000 barrels of West Texas Intermediate? Sounds like a no-brainer to me!
Russia will go down...again.
Well, if there was one silver lining in a very dark financial cloud, that would have to be it. Our enemies are probably suffering worse.... LOL.. (at least I hope so...).
But, I’m not sure about that collapse of OPEC that the article is talking about. I don’t think that’s going to happen. And I don’t look for oil prices to stay extremely low for very long. So, this joy in our enemy’s suffering... may be somewhat short-lived...
Ah...nothing better than a ‘glass half-full’ story to warm the cockles on a raw, damp December morning!
God works in strange ways and you don’t always get what you want, but sometimes, you get what ya need..
I like it. If nothing else, it will greatly speed-up events that would have taken years or decades. Great opportunities for us to pick-up the pieces after the communist tyranies collapse.
I tried to make the same political argument a year ago regarding the demise of the newly wealthy oil exporting countries, especially Chavez. I was shouted down by the “peak oil” crowd that swore that $200 oil would be here by Christmas.
Those people must really like chocolate.
Geez from the headline I thought the Democrats went down hard. /sarc