Oil Is Crashing

[Taco]

First, oil companies will go bankrupt, then the banks and then the oil producing countries.

Sanctions Lifted: Iran About to Unleash Tidal Wave of Oil Into Depressed Markets; How Big the Wave?
http://globaleconomicanalysis.blogspot. ... VaBuy5i.99

Oil price dips below $28 to 13-year low as markets brace for Iranian supply
http://www.theguardian.com/business/201 ... ian-supply

[Contrarian Expatriate]

I've heard estimates as low as $10 a barrel given the glut on the market. It might likely go to 15 or 20 but that is still horrific news for oil economies.

[Tsar]

I hope that it does collapse and I also hope natural gas prices will collapse further. That way the Russian ruble will lose a lot more of its purchasing power, therefore increasing the number of poorer Russians, making it easier to get a hot foreign virgin jailbait and travel there. I doubt any banks would go bankrupt because I heard many are shorting oil.

Saudi Arabia would burn through it's foreign currency reserves and its people would be angry if they aren't able to receive their nice social benefits. Many oil rich countries in the Middle East give their people $30,000-$50,000 USD annually just to make them less likely to riot or rebel against their monarchies.

[Taco]

I doubt any banks would go bankrupt because I heard many are shorting oil.

I've heard oil companies owe about $3.8 trillion to the banks which is all connected to derivatives.

We now have negative oil prices.

How low can oil go? In parts of U.S., to -.50
http://www.pressherald.com/2016/01/18/h ... u-s-to-50/

The Oil Crash Of 2016 Has The Big Banks Running Scared
http://theeconomiccollapseblog.com/arch ... ing-scared

[Moretorque]

. I doubt any banks would go bankrupt because I heard many are shorting oil. .

Tsar, that is the con. The whole system is bankrupt and has been turned over to the socialist, communist or whatever you want to call these con artist who cannot go bankrupt because they have a unlimited supply of #'s they call credit and us idiots do the bidding for them through the institutions they call the bank and at interest.

They beat the civilization into the ground walking a fine line in order to manage the cattle between a functional tenancy which is the desired goal of the elite and the undesired result of revolt and collapse where we are headed.

A seemingly endless supply of idiots is what makes the system go, our rulers have been getting away with this racket for centuries because the herd be real stupid.

[Taco]

Its nice to see CNN finally telling the truth.

Big Banks Brace For Oil Loans To Implode
http://money.cnn.com/2016/01/18/investi ... index.html

[Moretorque]

Its nice to see CNN finally telling the truth.

Big Banks Brace For Oil Loans To Implode
http://money.cnn.com/2016/01/18/investi ... index.html

Or is it ? this could be the excuse to do bail ins , the banks can just do a back door bailout like we saw in 2008 but more than likely it will be used as a trick to further erode what is left of the middle class and head toward the US main implosion.

[Taco]

Its nice to see CNN finally telling the truth.

Big Banks Brace For Oil Loans To Implode
http://money.cnn.com/2016/01/18/investi ... index.html

Or is it ? this could be the excuse to do bail ins , the banks can just do a back door bailout like we saw in 2008 but more than likely it will be used as a trick to further erode what is left of the middle class and head toward the US main implosion.

I expect banks to go bankrupt as well as bank bailins. It doesn't really matter what happens because the banks always win.

[Moretorque]

Its nice to see CNN finally telling the truth.

Big Banks Brace For Oil Loans To Implode
http://money.cnn.com/2016/01/18/investi ... index.html

Or is it ? this could be the excuse to do bail ins , the banks can just do a back door bailout like we saw in 2008 but more than likely it will be used as a trick to further erode what is left of the middle class and head toward the US main implosion.

I expect banks to go bankrupt as well as bank bailins. It doesn't really matter what happens because the banks always win.

It's all part of the 1933 bankruptcy. the creditors won and that is why they always win everywhere. They are sitting on all the treaties going back centuries to where their prey capitulated so that is why they get away this everywhere. Most power centers around the world have been captured by this class.

You have to give them credit, weather you like it or not they have made a very valid point about the masses. Even with the net they still remain cloaked to most, why ????? No way can a true democratic society make it, the herd has no excuses left.

Iceland was a ray of hope.

[droid]

You have to give them credit

[Taco]

Nice waterfall on WTI after the Fed rate hike on Dec.16

[Taco]

As oil gets below $25, cash flow begins to turn negative, meaning the more one produces, the more one loses. Clearly, that isn’t a scenario that can play out very long

Energy Bond Yield Spreads at 15.3% Now Exceed Great Recession Levels
http://davidstockmanscontracorner.com/m ... on-levels/

[Taco]

This just in...

Goldman Sacs Drives Oil Prices Down
http://russia-insider.com/en/business/g ... wn/ri12364

[Taco]

I always thought the Great Depression was caused by the stock market crash of 1929, I was wrong. Here's a subtle hint of what's coming...

US Crude Inventories Are The Highest Since The Great Depression
http://www.zerohedge.com/news/2016-01-2 ... depression

[Tsar]

I hope oil crashes to $15 per gallon by Spring. That way all the oil rich countries will watch their currencies decline. Hoping natural gas does the same. That way poverty in Russia increases and it should be easier to get a jailbait.

There might be a depression that's coming but there is only selective deflation. Food prices, healthcare costs, taxes, and other types of costs are increasing. Home prices continue to increase in most areas of the country. The low prices of gold and silver are just a short interlude between their ascent into much higher levels by 2020 which should bring $4,500 USD/ounce of gold and $150/ounce of silver.

The Federal Reserves will come out with another QE but this time they will probably up it to $200 Billion to $500 Billion "stimulus" per month, sending the value of the dollar plummeting while the corporations watch exports rise, Wall Street and the elite watch their stock portfolios rise, oil surges past $200, and US exports reach record levels because the dollar reaches an all-time low purchasing power relative to other nations.