It appears crashing oil prices will be the catalyst for the 2015 economic collapse. Currently, the US shale oil industry owes 150 billion dollars that it can't pay back if oil prices remain low, this debt is tied to the derivatives market. Discussion on shale oil debt begins at 4:40.
Expert: U.S. Has Leveraged Economy On Shale Oil, Which Saudis May Be About To Crash
http://wearechange.org/expert-u-s-lever ... may-crash/
Shale Oil Debt About to Crash Dollar
Shale Oil Debt About to Crash Dollar
Last edited by Taco on January 5th, 2015, 11:00 pm, edited 1 time in total.
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Re: Shale Oil Debt About to Crash Dollar
If you keep posting the reasons for the impending disastrous end to the US economy you will probably be correct sooner or later.
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Mr Natural
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Re: Shale Oil Debt About to Crash Dollar
Low oil prices will certainly hurt the fracking and oil industry in general, but would be fabulous for the rest of the USA economy.
Everybody has a plan til they get punched in the mouth
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Moretorque
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Re: Shale Oil Debt About to Crash Dollar
The next crash will be the last for America and then the con artist's who created this mirage of a civilization are going to carve it up for another part of their portfolio social order.
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