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That makes a lot of sense to me, but it doesn’t seem to be the case and I don’t understand why. Is it oil prices down -> large oil based economies at risk due
by kaiabwpdjqn 7y ago
That makes a lot of sense to me, but it doesn’t seem to be the case and I don’t understand why.
Is it oil prices down -> large oil based economies at risk due to vastly lower margins -> global instability from inability to make payments?
- dariusj18 7y agoMaybe it's because the US is now a massive oil producer, but there are a lot of oil companies in a lot of debt, so depressed oil prices will force them to go into bankruptcy. Next step will be US government propping up the industry somehow, IMO, either with a bailout or by buying oil at above market prices and increasing strategic reserves.