From the same people that bring us the fake unemployment numbers and fake inflation numbers..... I hear LAGC shouting "I believe" like in a baptist church.....
From the same people that bring us the fake unemployment numbers and fake inflation numbers..... I hear LAGC shouting "I believe" like in a baptist church.....
A balloon [the economy] must be inflated before it will burst.
As for cheap oil, OPEC didn't drop prices because they're being friendly. It is their strategy to slow down/cease the US oil boom, which is a major competitor for them. Once the price of oil drops below a certain amount, current drilling techniques in the US are not cost-effective any more (horizontal drilling and fracking are extremely expensive operations). Once US drilling slows or stops, OPEC will shoot the price of oil back into the stratosphere.
http://money.cnn.com/2014/11/28/inve...rice-us-shale/
The pen is mightier than the sword, but only when you're shoving it through your enemy's throat.
USMC Active Duty, 2004-2008
Gunsnet Member since January 2003
They will lay off workers and mothball the equipment and start looking for cheaper ways to get fracking results. As soon as the price tops +/-$75 a barrel they will be right back at it.Originally Posted by skorpion
O course Venezuela and Russia will go broke so things may not be too bad.
I could see Russia getting a nuke to Iran if it hit Saudi....
We found out what "dealing" with progressive lefties is all about. Our side gives up something, they give up nothing and the progressives come back in a month or a year and want us to give up more... rinse and repeat...
it's kind of funny. the trumpeting of the roaring economy...begs the question, where does individual wealth in the current economy stand? corporate is up...sure...those evil wall streeters and evil corporations are making money...I'm sure john and jane publics personal wealth has grown ten-fold...
right?
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