Now heres the real reason the oil market has bottomed out. In short, its an attempt by Saudi Arabia (Opecs controlling factor) to weed out their competition. This includes, but not limited to, shale oil fracking in the United States. Because the United States upped their production of oil exporting by 4 million barrels a day due to said fracking, this caused a glut in the world market and hurt economies like Russia and Venezuela....simply because they counted on their oil exports to fuel their economies. Ooops, we bad! So as those economies struggle to endure this bottomed out market, we at home will enjoy lower gas prices for the foreseeable future! Nice! Too bad for them, awesome for us! This will also cause the dollar to remain strong in an uncertain world economy! Enjoy a prosperous 2015!! Its a win/win for us, not so much for the commies. Just sayin...lol
Posted on: Fri, 26 Dec 2014 15:06:35 +0000
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