Leonid Fedun, believes the American market will be a victim of its own success in shale oil [1]. Its going to get ugly... MCR Development CEO Tyler Morse believes the EU and China can bring down the US [2]. These lower prices arent just about the US oil markets and shale prices, but are a direct benefit to US consumers who will directly benefit from cheaper prices at the pump [3,4,5]! The Petrodollar should be at the center of these discussions [6] but the fact that it isnt shows why there are other major tectonic shifts in the financial markets of the world right now. So the question remains is this a short or long game? Sources: [1] bloomberg/news/2014-11-27/opec-policy-ensures-u-s-shale-crash-russian-oil-tycoon-says.html [2] bloomberg/video/do-europe-and-china-bring-down-the-united-states-B~eWAPrnSSKOx~Yf9MSODQ.html [3] nytimes/2014/11/14/business/economy/lower-oil-prices-give-a-lift-to-the-american-economy.html [4] business.financialpost/2014/11/27/oil-price-loss-seen-as-gain-for-consumers-what-is-saved-at-the-pumps-will-be-spent-at-malls/ [5] rt/op-edge/207287-opec-oil-prices-decline-economy/
Posted on: Fri, 28 Nov 2014 11:34:26 +0000
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