More chaos in the Middle East.
More ‘refugees.’
More dependence by Americans on cheap oil as American businesses go bankrupt along the Gulf Coast, South Dakota...
The markets in the US open Tuesday.
My gut is, it’s going to be ugly.
It already has been ugly.
This will impact the election.
Go Trump.
I’ve seen several Brit business analysts talk over the issue in the past week. They say this Saudi strategy....to bankrupt frackers and hurt US/Russia oil production....will only briefly work, but it will permanently damage Saudi Arabia. They project the cheap prices for a minimum of two years, unless some type of chaotic event occurs in Saudi Arabia. I noticed this morning that Iran will get a $100 billion back this week from formerly frozen assets.
The curious thing that I see...even if you hurt frackers momentarily....they’d simply go back to work the minute oil hit $50 a barrel. There’s no permanent way to take them down, and it’s plain stupid to think there is.
“More chaos in the Middle East.”
There was a time not too long ago when chaos in the Middle East caused high oil prices.
I think you meant North Dakota (where the oil is), unless you meant the bars in Deadwood...