.... If we go by FACTS and not hype or political grandstanding, the U.S. Shale oil industry has increased oil production growth FIVE TIMES more than Saudi Arabia over the past decade.....
.....You got it… these super-low oil prices are GUTTING the entire U.S. Shale Oil Industry… backward, forward, upside-down and inside-out… LOL. Thus, U.S. politicians are desperate because the notion of “Energy Independence” and the “Dollar Dominance” comes under severe pressure....
.....As I watch the POOR SLOB ANALYSTS on CNBC trying to make a case that the market has hit bottom, I wonder if they have any idea about the massive carnage taking place in the MAIN DRIVER of the economy… the Global Oil Industry.......
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WALL STREET IS DEAD… it just doesn’t know it yet.....
....We have no idea what the world looks like when 20-25% of oil production is lost. This will totally destroy the U.S. Treasury Market that is based upon growing oil supplies to remain viable.....
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Thus, a 20-25% decline in global oil production will DESTROY the Stock and Bond Markets while Wall Street continues to regurgitate the V-SHAPED RECOVERY or a RETURN TO NORMALCY by next year....
...So, if you believe Home, Car, Boat, and Life Insurance is smart… you better make sure you have some GOLD & SILVER INSURANCE.....
Yer İmleri