| spurgeonryan said:
That bad thing about cheap oil is Saudia Arabia and whoever else gives America oil is just flooding the market to shut down all this Fracking and alaska mumbo jumbo. When they cannot keep up with demand, they will lose jobs and could go under. But then as soon as we are paying 3-4 dollars for a decade again this problem will happen again for saudia arabia. They were all too happy to give there business to China and other emerging economies, but then we did something that surprised them. We started to break free. So now we have cheap gas for the forceable future. And speaking of futures and what not, as soon as businesses run out of their futures prices they put on oil, they will start using the cheap oil they are buying in bulk right now. Expect the economy to slam to new heights in America in about 6 months. once all these businesses start using their cheaper fuel. Prices will go down a bit, just a bit so companies are still making crazy money, more jobs will open up to fill in for the jobs we are about to lose. Life will be better. |
I suggest you eat a pickle after every drink of vodka, help against delusions. Where could Saudis even get that goddamn supply to bring oil to these lows? Or at least check who's your oil suppliers.
@OP: euro might be "dying" but that's could be equally said about a lot of things these days. Greece is not a game changer. But I totally expect euro to go the way of the dodo earlier than dollar. In the world of free roaming capitals dollar is certainly would seem like safest bet, but that's only "seem".
