I call BS on your premise. First American fracking Co’s have already hedged 75% of this years “crop “ in the futures market above $90.00 a barrel. Second pumping trillions into the pockets of poor and middle class folks is a bad idea? Yeah right.
Easy. I am for lower prices as well, for the average consumer’s be fit. I am also relating what the elite and the banksters are saying, as well as the analysts. From that perspective, I agree that the collapse of the price oil will lead to an energy stock and also a junk bond collapse, which will collapse world markets, which will cause a significant (perhaps historic) economic meltdown. None of it is far fetched.
Easy. I am for lower prices as well, for the average consumer’s be fit. I am also relating what the elite and the banksters are saying, as well as the analysts. From that perspective, I agree that the collapse of the price oil will lead to an energy stock and also a junk bond collapse, which will collapse world markets, which will cause a significant (perhaps historic) economic meltdown. None of it is far fetched.
And from what I’ve read, farmers aren’t having any trouble selling corn to companies making fuel.
But the guys having to take a $50 loss on each barrel they deliver are just going to shake it off?
Someone is paying the piper. We just haven’t figured out who yet.
You might want to start by looking at who got screwed with the Swiss Franc move last week. That could very well be the Black Swan no one saw floating down from the sky.