Freewill
Platinum Member
- Oct 26, 2011
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As the price for oil approaches 50 dollars a barrel what do you think is up?
The Oil cartel could cut production as they have in the past to maintain prices but have not. They are sitting on a pile of gold so it is not like it would hurt them.
Could it be to hurt fracking? Which I have heard there is now no where to store more gas in the US.
Or could it be to bankrupt Russia? To destroy their oil industry and if so what do you think Putin might do?
The Oil cartel could cut production as they have in the past to maintain prices but have not. They are sitting on a pile of gold so it is not like it would hurt them.
Could it be to hurt fracking? Which I have heard there is now no where to store more gas in the US.
Or could it be to bankrupt Russia? To destroy their oil industry and if so what do you think Putin might do?