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A Very Stable Genius At Work

Joined: 1/9/18 Posts: 3344
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I'd keep my eye on oil prices..

the transition away from oil needs to be gradual.

There is just too much tied up in investments, banks and ancillary business in that sector.

The sector needs to be allowed to die a gradual death and the benefits to be distributed elsewhere in the world wide economy.

So far so good..but a major shift to say, $30 or $40 barrel oil could set off a major world wide collapse.

Saudi Arabia ia borrowing money these days because as predicated by many, they would just p*ss their fortune away..and along with the declines can some social unrest.

Saudi Arabia dodged a bull in the Arab Spring a few years ago by giving their people a ton of money to keep the order.

Probably not so lucky.

Russia would suffer.the Middle East would just about collapse, the fracking business in the USA would suck under.it need to gradual and steady and allow a nice death to a bad industry with bad characters in involved.

Exhibit A to the last sentence...............

[Post edited by A Very Stable Genius At Work at 08/07/2019 8:53PM]

(In response to this post by TylerDurdenisaRam )

Posted: 08/07/2019 at 8:48PM


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Current Thread:
  I have to admit... -- Shiner 08/08/2019 06:04AM
  I'd keep my eye on oil prices.. -- A Very Stable Genius At Work 08/07/2019 8:48PM
  Getting rid of oil means getting rid of the Khadifi's, the Putin's, -- A Very Stable Genius At Work 08/07/2019 11:11PM
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  Wind, solar, natural gas...Donnie's mouth blowing hot air spinning turbines ** -- A Very Stable Genius At Work 08/09/2019 6:54PM
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