Oil Is Crashing

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Taco
Elite Upper Class Poster
Posts: 5428
Joined: July 9th, 2011, 9:30 am

Re: Oil Is Crashing

Post by Taco »

"As you can see in the chart below, the price of oil has plummeted over 70% since John Kerry’s secret meeting with King Abdullah in September 2014.

There’s so much conflict in the Middle East—but oil prices are falling. And despite China’s economic slowdown…it still imported more oil in 2015 than in 2014. China is the world’s number two oil consumer behind the U.S. Turmoil plus demand says oil should be going up, not down. But the mystery is explained by the Saudis’ oil war and their strategy of flooding the market to bankrupt competitors."

The Coming Collapse Of Saudi Arabia
http://www.zerohedge.com/news/2016-03-1 ... udi-arabia

US Drilling At an All Time Low, Saudis Near Their High
http://www.economicpopulist.org/content ... -high-5928

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Paranoia is just having the right information. - William S. Burroughs
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