CRUDE OIL WAR shifts back on the U.S.A.
Saudi Prince sets in SHOCKING PRICE CONTROLS and oil continues to drop
WTI CRUDE now below $47 is putting pressure on major oil companies especially at the onset of the earnings report season which plans to put pressure on companies which are already lower rig count and cutting jobs. Companies are also trying to find places to put excess oil such as floating it out in the ocean. Some say this could have a major negative effect on the economy even though consumers are enjoying lower fuel cost at the pumps. T. Boone Pickens appeared on CNBC in December and he alerted that oil will be back at $80 to $100 during 2015 and said, "The world got along just fine on $100 oil."
In addition to the CRUDE OIL concerns the Dow Jones Industrial Average rapidly sold off over 150 points during Monday's morning session even after many analysts were encouraging investors to stay the stock market course as the government and FED continue to buy stocks on Wall Street and push the indexes higher.
Other analysts are warning of a MAJOR MARKET CRASH imminent. We will have more information on this later on today:
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