The new CRUDE OIL CRISIS: Too much supply
Where will all the CRUDE OIL go?
Where will all the CRUDE OIL go?
When too much CRUDE OIL is worse than not enough
The current price of CRUDE OIL whether it's BRENT or West Texas Intermediate is oscillating near the $50 level at the moment. Here is an interesting question that was raised on a YOU TUBE COMMENT by one of my subscribers:
David - A thought came across my mind today -What
happens when global oil storage capacity is reached in the summer ? Will they stop the pumps - Will the dollar be needed at all when no oil
is bought because there is no place to store it ? I know it will be a
temporary thing but how long can it go on before the wheels come off the
wagon?
Not long ago we learned that there is no need for GOLD and SILVER anymore and that they no longer have any value whatsoever (except ounces) and the price therefore will just continue to keep on dropping. Oddly enough THE PETRO DOLLAR (a.k.a. The U.S. DOLLAR) is not only the world reserve currency but it is the world's standard currency by means of being the PETRO DOLLAR. However things might be changing as recent HSBC announcements and a rising Eurasian banking system is on the move to curtail the power of these FEDERAL RESERVE NOTES.
Now we are learning that they are running out of places to store CRUDE OIL and a GLOBAL OIL STORAGE CAPACITY is about to be reached this summer. Already they are storing large amounts of crude oil at sea in FLOATING OIL FLOTILLAS. Is that safe for the economy and the environment? Or is this just another disaster waiting to happen?
http://thenewsunit.blogspot.com/2015/01/oil-companies-to-store-crude-oil-at-sea.html
If you think about this your cogitations might trouble you but the LAW OF SUPPLY AND DEMAND and NORMAL MARKET FORCES has been replaced by HFT COMPUTER MODELS and ALGORITHMS. This new COMPUTER DRIVEN WORLD MARKET CASINO has taken the markets to an entirely new dimension beyond what used to be known as economics. Recently Dr. Paul Craig Roberts even stated a profound fact about how Wall Street is manipulated when he said, "...if we find out that the United States Government can overcome all market forces by rigging then we no longer need economics."
If you think about this your cogitations might trouble you but the LAW OF SUPPLY AND DEMAND and NORMAL MARKET FORCES has been replaced by HFT COMPUTER MODELS and ALGORITHMS. This new COMPUTER DRIVEN WORLD MARKET CASINO has taken the markets to an entirely new dimension beyond what used to be known as economics. Recently Dr. Paul Craig Roberts even stated a profound fact about how Wall Street is manipulated when he said, "...if we find out that the United States Government can overcome all market forces by rigging then we no longer need economics."
...developing...
