Posted on 08/01/2016 10:01:23 AM PDT by bananaman22
A new week, a new month, a new sell-off. Crude prices are charging lower to start the week as a plethora of bearish indicators emerge to encourage crude lower. Hark, here are five things to consider in the oil market today.
(Excerpt) Read more at oilprice.com ...
Bearish News=Lower Oil Prices.
The Obama Economy.
Oil needs to be around $65 for the world economy to function properly
says who?
Texas oil men? That would mean a nice profit for Texas and Oklahoma oil, but won't do much for the Saudis, Commies in Venezuela, or Nigerians.
Oil needs to be free for my personal economy to “function properly”.
Cut a few hundred billion dollars from pork to local governments, and shovel some of that debt to oil producers.
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