Saudi Arabia drops the price of oil to keep market share and eliminate shale and other competitiors. It will inhibit phasing out motor cars. It will kill wind and sun generation. At $30 a barrel, Venezuela and Iran’s economies collapse. My Israeli oil and gas shares already lost half of their worth.
On the other hand, cheap oil stimulates world economy. Add costless credit and prosperity may be ahead. Spring is near and with it the demise of the flu epidemy. If I were less tired and depressed, I would start collecting shares.
All The Best.
On the other hand, cheap oil stimulates world economy. Add costless credit and prosperity may be ahead. Spring is near and with it the demise of the flu epidemy. If I were less tired and depressed, I would start collecting shares.
All The Best.