frigidweirdo
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- Mar 7, 2014
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Michael Snyder Blog Guess What Happened The Last Time The Price Of Oil Crashed Like This Talkmarkets
I've been reading a few things about the economy that is apparently going to crash soon. Not sure why these stories were appearing when historically recessions end and then move into periods of boom for seemingly natural reason, I've been looking at a few articles.
This one states that the last time the price of oil dropped so sharply in 6 months was 2008 and the economic crisis and all that.
However this says that basically OPEC is flexing its muscles and trying to make US oil, which costs more to produce, go bankrupt by lowering prices of world oil.
In 1999 Hugo Chavez came to power in Venezuela and attempted to unite OPEC, in the subsequent years OPEC countries like Venezuela, Iran, Iraq and Libya, those were were anti-USA officially have suffered, whereas those countries who are officially US allies didn't suffer.
Well, Iraq and Libya have seen regime change, Venezuela did for a few days but the US seems to leave them alone now Chavez has died and been replaced by a much less energetic man, there's Iran left.
If the Republicans get a man in the White House, will this be the next war?
I've been reading a few things about the economy that is apparently going to crash soon. Not sure why these stories were appearing when historically recessions end and then move into periods of boom for seemingly natural reason, I've been looking at a few articles.
This one states that the last time the price of oil dropped so sharply in 6 months was 2008 and the economic crisis and all that.
However this says that basically OPEC is flexing its muscles and trying to make US oil, which costs more to produce, go bankrupt by lowering prices of world oil.
In 1999 Hugo Chavez came to power in Venezuela and attempted to unite OPEC, in the subsequent years OPEC countries like Venezuela, Iran, Iraq and Libya, those were were anti-USA officially have suffered, whereas those countries who are officially US allies didn't suffer.
Well, Iraq and Libya have seen regime change, Venezuela did for a few days but the US seems to leave them alone now Chavez has died and been replaced by a much less energetic man, there's Iran left.
If the Republicans get a man in the White House, will this be the next war?