By reducing the price of a barrel of oil to below $40, the Saudis - TopicsExpress

By reducing the price of a barrel of oil to below $40, the Saudis will be able to cause the natural gas and shale oil industry to grind to a halt. But the ramifications of that are much bigger than just within the oil industry. Casey Research’s Marin Katusa talked with Ben Swann about this issue and says that the big untold story here, the U.S. financial markets, mutual funds, Wall Street and 40% of the entire U.S. economy has been leveraged on shale oil. If the Saudi’s actually stop the shale industry, a financial collapse larger than the one in 2008 would take place. benswann/expert-u-s-has-leveraged-economy-on-shale-oil-which-saudis-may-be-about-to-crash/

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