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Boom Goes The Dynamite: Oil's Price Crash Is Going To Rip The Global Economy To Shreds
Seeking Alpha ^
| 13 Jan 15
| Michael T. Snyder
Posted on 01/14/2015 5:41:59 PM PST by SkyPilot
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2015 is shaping up to be a year of reckoning.
1
posted on
01/14/2015 5:42:00 PM PST
by
SkyPilot
2
posted on
01/14/2015 5:44:00 PM PST
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
One thing for sure; blacks and women will be hurt the most.
3
posted on
01/14/2015 5:44:53 PM PST
by
The_Media_never_lie
(The media must be defeated any way it can be done.)
4
posted on
01/14/2015 5:47:24 PM PST
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
the global economySince there is no nation called "the globe", and there is no political community called "the globe", and there is no government that rules "the globe", and there is no money system that operates everywhere, how can there be a "global economy"?
5
posted on
01/14/2015 5:47:55 PM PST
by
Jim Noble
(When strong, avoid them. Attack their weaknesses. Emerge to their surprise.)
To: The_Media_never_lie
One thing for sure; blacks and women will be hurt the most.
6
posted on
01/14/2015 5:48:29 PM PST
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
There are sure a lot of people in the press rooting for higher oil prices. I’m rooting for low prices. It’s helped me out a lot, thus far!
7
posted on
01/14/2015 5:48:42 PM PST
by
Star Traveler
(Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
To: SkyPilot
The men in this picture are going to be swinging from ropes before this is all over.
8
posted on
01/14/2015 5:49:23 PM PST
by
Jim Noble
(When strong, avoid them. Attack their weaknesses. Emerge to their surprise.)
To: Jim Noble
and there is no money system that operates everywhere That is coming very soon I believe.
If things crash hard, beyond anything the world has seen before, expect to hear the buzz word "reset" all over the news.
9
posted on
01/14/2015 5:51:56 PM PST
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
Good grief. Not another one.
10
posted on
01/14/2015 5:54:41 PM PST
by
be-baw
(still seeking)
To: SkyPilot
11
posted on
01/14/2015 5:54:53 PM PST
by
txhurl
To: SkyPilot
“2015 is shaping up to be a year of reckoning.”
No more so than 2008 was!
And if it’s worse? Then it’s already too late for 99% of the dopes that didn’t prepare.
12
posted on
01/14/2015 5:57:28 PM PST
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: SkyPilot; blam
13
posted on
01/14/2015 5:58:23 PM PST
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: Star Traveler
There are sure a lot of people in the press rooting for higher oil prices. Im rooting for low prices. Its helped me out a lot, thus far! Yes - the banksters and the oil cartels have been screwing everyone over for years with high prices. I read that oil could even go as low as $25. A combination of the Saudis trying to crash Iran's economy, more oil on the market due to US fracking, and possibly US policy to try and crash Russia's economy is causing this massive price drop. The consumer (and I as well) are enjoying it.
I do see it, however, crashing the world's markets. The energy companies owes banks Billions, and will default if the price stays low enough for long enough. The Saudis just announced there is no way they will cut production. Venezuela's Marxist/Communist government is collapsing as I type this. The junk bonds and energy stocks will collapse very soon unless the price goes back up, and I don't see that happening right away.
14
posted on
01/14/2015 5:58:36 PM PST
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: Jim Noble
15
posted on
01/14/2015 5:59:20 PM PST
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: Star Traveler
There are sure a lot of people in the press rooting for higher oil prices. Im rooting for low prices. Its helped me out a lot, thus far! How did the "global economy" survive, when oil prices were low enough, that gasoline was 30 cents a gallon?
16
posted on
01/14/2015 6:02:10 PM PST
by
Mark17
(Weary and worn, facing for sinners, death on the cross, that He might save them from endless loss)
To: SkyPilot
There is only one other time in history when we have seen anything like this happen before. That was in 2008, just prior to the worst financial crisis since the Great Depression. Let's give the youngster credit for being willing to expose his ignorance in public.
November '85 to March '86
Oct '90 to Mar '91.
So, those of us either a bit older or who at least are willing to research rather than pontificate, know that it has happened repeatedly. And it will happen again.
17
posted on
01/14/2015 6:03:10 PM PST
by
PAR35
To: Star Traveler
"There are sure a lot of people in the press rooting for higher oil prices. Im rooting for low prices. Its helped me out a lot, thus far!" No kidding! This sounds like government employees crying about a tax cut.
To: Star Traveler
"There are sure a lot of people in the press rooting for higher oil prices. Im rooting for low prices. Its helped me out a lot, thus far!" No kidding! This sounds like government employees crying about a tax cut.
To: Mark17
I predict $1.36 gasoline within a month...
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