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ogbull

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ogbull

Re: Miracleman 1 post# 1438

Friday, 01/02/2015 12:08:07 PM

Friday, January 02, 2015 12:08:07 PM

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Oil dropped because demand dropped. Demand dropped because the world economy can not recover on $120-barrel oil. High energy cost just takes too much steam out of the econnomical engine.

On the other hand, $60 crude will allow the economy to get back on tract, which will increase the demand.

Russia got hit hard because their cost per barrel is close to $80. They are dependant on $100 crude... Their economy will collaspe, and tough-guy PUTIN will get kicked out of office. Russia must shift their focus from hydrocarbons to manufacturing.

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