Sunday, January 24, 2016

What’s Really Going on With Oil?

Click here to access article by F. William Engdahl from New Eastern Outlook.

Engdahl looks at a variety of data and concludes that things do not add up to today's low oil prices. Could conspiracies be behind this? Nah, conspiracies such as people getting together in secret to make nefarious plans simply do not exist! (sarcasm)
If there is any single price of any commodity that determines the growth or slowdown of our economy, it is the price of crude oil. Too many things don’t calculate today in regard to the dramatic fall in the world oil price. In June 2014 major oil traded at $103 a barrel. With some experience following the geopolitics of oil and oil markets, I smell a big skunk. Let me share some things that for me don’t add up.