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Excuse my conspiracy theorist but this article almost sounds like PR. #1 World Oil Demand Still Growing http://www.schwab.com/public/schwab/nn/articles/Black-

by ilurk 11y ago

Excuse my conspiracy theorist but this article almost sounds like PR. #1 World Oil Demand Still Growing http://www.schwab.com/public/schwab/nn/articles/Black-Dog-Are-Plunging-Oil-Prices-a-Positive-or-a-Negative http://www.schwab.com/public/schwab/nn/articles/Black-Dog-Ar... #2 The Dow Jones still looks pretty good despite the tumble to 2014 levels https://www.google.com/finance?q=INDEXDJX%3A.DJI&ei=flkKVsudGIjPUfCvhYAG https://www.google.com/finance?q=INDEXDJX%3A.DJI&ei=flkKVsud... #3 Shangai index it at 2014 EOY levels https://www.google.com/finance?q=SHA%3A000001&ei=mFsKVrjhEYuWUJyakNgF&hl=en https://www.google.com/finance?q=SHA%3A000001&ei=mFsKVrjhEYu... #4 Crude oil price is at 2009 and 2004 prices http://www.macrotrends.net/1369/crude-oil-price-history-chart http://www.macrotrends.net/1369/crude-oil-price-history-char... So either the oil price is being pushed down now, or it was pushed up before on multiple occasions, and will liked be pushed up again somewhere in the future.

jdimov9 11y ago
Both. Saudi Arabia has been artificially inflating the price of oil for a number of years and is now artificially keeping it low to hurt competitors. Unfortunately for them, this is already hurting Saudi economy more than anticipated and is increasingly looking like a fatal mistake.
progmal1 11y ago
"#1 World Oil Demand Still Growing" I suspect the difference is that at a per GDP basis demand is not growing.