Posted on 01/12/2015 10:26:11 AM PST by blam
Not that easy to reconstitute an industry. We are competing against state-run oil companies. Private companies are reluctant to sink large amounts of money into a project that could be affected overnight by these state run operations. Countries can absorb the revenue losses far more easily than private firms. Monopolies destroy Mom and Pop operations by driving them out of business even if it means short term losses.
Transportation, Utilities, Agriculture.
Makes sense to me!
Sorry for energy/oil field workers. But lets keep it down around $50-60. We will all adjust, and NO NEW TAXES!
I don't think it is unreasonable to view the charts as you do.
I just don't have much confidence in Saudi Arabia, or any other Muzzie country, to keep the lid on oil prices or anything else that comes bubbling up.
Nor do I think Russia will wait patiently while their economy is completely gutted, not to mention the oil-dependent dictatorships in our own hemisphere.
I am certainly not eager for it, but as was pointed out earlier by another poster, wars are fought over just these kinds of policies, developments and their consequences.
” what is poor Venezuela going to do ? “ ..
Don’t cry for me Argentina ?
Oh crazy Prince, never say never, your nemises Iran could choke off the Straight of Hormez and the price of oil would go over $ 100 a barrle over night.
But it could go to $99.99/bbl
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