*****CRUDE OIL and NATURAL GAS major take down*****
Saudi Arabia is reportedly pumping the U.S.A. OUT OF BUSINESS
Saudi Arabia is reportedly pumping the U.S.A. OUT OF BUSINESS
Watch more layoffs and closures in the energy sector and the economy implode as a result:
Perhaps this is some kind of economic Islamic Jihad?
The odd thing about this is we have all forgotten the old fear mongers who told us we were running out of crude oil in the earth and our fossil fuels would just go away. Now there's a glut of crude oil and natural gas and the new scare tactic is GLOBAL WARMING or CLIMATE CHANGE. You cannot believe them:
http://www.cnbc.com/2015/12/30/despite-brief-rally-further-downside-risk-for-oil-on-opec-output-citi.html
There's just TOO MUCH SUPPLY and NO DEMAND
CNBC says the consensus is you will see prices going lower:
...developing...
