Ready For $40 Oil?

[Taco]

The last time oil crashed like this 10 million Americans lost their jobs. The Ruble is crashing which means WW III is coming soon.

Ready For $40 Oil?
http://www.bloomberg.com/news/2014-11-3 ... -iran.html

Guess What Happened The Last Time The Price Of Oil Crashed Like This?…
http://theeconomiccollapseblog.com/arch ... ashed-like

Cheap Oil Sends Russian Ruble To Record Lows
http://itar-tass.com/en/economy/764507

USD/RUB Chart
http://www.xe.com/currencycharts/?from= ... UB&view=1Y

[Break the chains]

It will be interesting to see how long many of the American shale oil businesses can last. OPEC will never cave in on production and give up its share of the market.

[OutWest]

It will be interesting to see how long many of the American shale oil businesses can last. OPEC will never cave in on production and give up its share of the market.

American shale producers can just last a bit longer than most of the OPEC countries can last without huge surplus cash flows to buy off their own populations. Though Russia is not part of OPEC , they are in a similar position.

[Jester]

It will be interesting to see how long many of the American shale oil businesses can last. OPEC will never cave in on production and give up its share of the market.

American shale producers can just last a bit longer than most of the OPEC countries can last without huge surplus cash flows to buy off their own populations. Though Russia is not part of OPEC , they are in a similar position.

Though you guys have 2 different points of view, you agree that something is up other than random market forces.

Interesting. I filled up Sunday in Southern California. Handed the attendant $100, told him I probably wouldnt need so much, but here's a $100. Expected 75 or so, so I handed over five 20's just to be safe. The total was $62!!!

I've been away from the US for a while, so this seemed strangely low to me. I mentioned it to my Mex-Am gf. She asked me what was up with that. I have to keep things brief for her, she suffers from that Brown-Immigrant short-attention span problem (BISASP) that we are all familiar with in Southern Cali. "We are f***ing with the Russians", I told her. "They are giving us backtalk over the Ukraine, so we had our Saudi Arabian toadies pump more oil, to lower the price, until the Russians say uncle. Because the Russians depend on their oil money. But the Russians won't cave. Also it could just be the guys in charge, giving American consumers more money for Christmas, so they will spend and keep the economy from collapsing, for a little while longer."