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[OTCRIDER]

Paralysed Opec pleads for allies as oil price crumbles
http://www.telegraph.co.uk/finance/economics/12033696/Paralysed-Opec-pleads-for-allies-as-oil-price-crumbles.html

...Prices are poised to test lows last seen at the depths of the financial crisis in early 2009. The shares of oil companies plummeted in London, and US shale drillers went into freefall on Wall Street.

...Foreign companies are owed billions and have begun to freeze projects. The government cannot afford to pay its own security forces and is cutting vital funding for anti-ISIS militias, raising fears that the political crisis could spin out of control.

...Deutsche Bank said the fiscal break-even cost needed to balance the budget is roughly $120 for Bahrain, $100 for Saudi Arabia, $90 for Nigeria and Venezuela, and $80 for Russia, based on current exchange rate effects

....This sets the stage for a violent spike in prices down the road


I WONDER JUST HOW MUCH EXPOSURE DEUTSCHE BANK HAS TO THE OIL MARKETS????

MAYBE ENOUGH, TO TAKE IT DOWN ???