Article

2014-12-26 Economy

Cheap Oil's Effect on US foreign relations

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Posted by Anguper Hupomosing9418 2014-12-26 04:10|| || Front Page|| [3 views ] Top

#1 This view is particularly strong in Russia, where former K.G.B. agents close to Mr. Putin have long believed that Washington engineered the collapse of the Soviet Union by getting Saudi Arabia to increase oil output, driving down prices and thus starving Moscow of revenue.

Therein lies the problem with a 'one trick pony' portfolio. Good luck with those stacking dolls.

Posted by Besoeker 2014-12-26 08:14|| 2014-12-26 08:14|| Front Page Top

#2 Relying on oil that you swap with other people for real wealth (created by a real economy based on "price = demand/supply") is never going to work.

Posted by Bright Pebbles 2014-12-26 09:20|| 2014-12-26 09:20|| Front Page Top

#3 I remember the fall of 2008 and early 2009

That price rise was driven by pure market speculation. When the financial institutions could no longer back the paper in the game (cause of the imploding mortgage market), the whole oil thing imploded as well. The balloon could have been stopped far earlier in its tracks if the 'regulating agencies' had call margin far sooner. However those agencies have long since been 'captured' and compromised by the industry they're suppose to be watching.

Posted by Procopius2k 2014-12-26 09:24|| 2014-12-26 09:24|| Front Page Top

#4 If it's in the NYT, I don't believe it.

Posted by Raj 2014-12-26 11:19|| 2014-12-26 11:19|| Front Page Top

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