Posted on 03/09/2020 10:56:41 AM PDT by Kaslin
I think it’s more targeting Iran than Russia.
Once the Millennials start crisis crossing the country to attend weddings, Everything will be back to normal.
“his number one target is Russia, and shale oil — which, to an extent, is the United States”
I still do not understand why this would effect the market this way. Is the News blaming the Virus for the Oil production increase.
Surely major investors would be smarter then this.
I think it might be time to find the undervalue stocks
a 1700 point drop is not all due to oil prices. Sorry Rush, but you are incorrect on this one.
And it is very, very hard to imagine that the Saud did not give the Trump administration a heads up on this.
Iran is struggling with COVID-19 and this may be the final nail in the coffin. Russia has been amassing power in the mid-east sandbox via Syria and Assad, so this may take down Vlad.
Hard to say for certain, but I would be surprised if there isn’t a Trumpian plan here.
Great point, driving the death nail into Iran as a government. Hit them when they are down.
[ Market Plunges Over Oil, Not the Coronavirus ]
Yes, I agree.
[ I think it’s more targeting Iran than Russia. ]
You could be correct. This may be MBS’s way of dealing with Iran.
It’s interesting that both Saudi Arabia and Iran are in Ezekiel 38, too.
Maybe half right.
Oil is also sniffing out a lack of demand.
Yes, oil is following because of a Saudi price war at a
time when there will be a glut combined with a lack of
demand.
And why did oil plunge? Oh, yeah, coronavirus.
It was 68 dollars a barrel two months ago, then COVID-19 appeared and it’s been crashing ever since.
It’s time to stop being defensive. It’s time to stop playing politics. It’s time for the administration to get its collective head out of its ass and start working on the problem.
And do what?
Rush is wrong on this one.
Posobiec live-streamed on CPAC and all the folks possibly infected there:
https://twitter.com/JackPosobiec
Media is blaming ‘Trump’ and people who don’t even have money in the market believe it:
He has still not showed up to work after spending the weekend golfing in Florida.
I listened to Rush for bit today and he really doesn’t know what he’s talking about. Economics are not his strong suit. This price war is going to devastate the fracking industry and possibly return us to being more dependent on ME oil. I look at this as a disaster in the oil patch.
I think a lot of it is. Margin calls, over leveraged oil market.
He is on his way back to the WH now, and will likely work late until the night. He should do another Press Conference soon, however.
The problem with you people is you still can’t tell when you are being played by the msm. Even after all that they have done in the last 4 years, you still buy whatever they are selling.
So what if oil tumbles. It can drop to $1 a gallon as far I am concerned ! Time to buy.
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