SPDR S&P 500 (SPY): Cheap oil could hurt the US shale busine...

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Re: gdl post# 159090

Wednesday, 09/30/2015 11:04:38 AM

Wednesday, September 30, 2015 11:04:38 AM

Cheap oil could hurt the US shale businesses. Which is exactly why the Saudis are keeping the prices down, to ruin the US shale oil, so they can control the market.

Cheap oil is bad for us in the long term if we have to rely on importing oil from other countries because we don't have any domestic supply, because low oil prices forced us to negate our shale oil.

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