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Message
re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 6:00 pm to JayDeerTay84
Posted on 12/15/14 at 6:00 pm to JayDeerTay84
quote:
I dont care what any of you say,
Clearly.
quote:
$50 will not be a price it stabilizes at. Not even close.
Of course not, but anything in the sub $70 zone for a year is going to cause some serious bleeding.
1
Posted on 12/15/14 at 6:09 pm to cwill
quote:
Of course not, but anything in the sub $70 zone for a year is going to cause some serious bleeding.
For 1 industry.
Consumer spending is what is most important in the US and data shows it would go up at the current projected prices.
For the record. I think there is some confusion among my 18 conversations it seems like.
The US has more than enough GDP to crush Saudi. Its not even close.
HOWEVER, I get the feeling that some of you just have a singular argument like US Shale companies vs a country (Saudi) for example; in which case YEA, US companies cant do anything. But that is stupid and not even close to how it would play out because it is the US economy vs the Saudi economy (which happens to basically be 100% oil based).
This post was edited on 12/15/14 at 6:11 pm
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