Bruce_T_Laney
Platinum Member
- Banned
- #1
Royal Bank of Scotland a few days ago issued a warning that the price of oil could bottom out at sixteen dollars a barrel, but I believe it could go below ten dollars a barrel with Iran now being able to sell their oil to Europe and India.
Royal Bank of Scotland warns clients to ‘sell everything’
Iran oil headed for India, Europe, with sanctions lifting
The drop of oil prices is great for the average consumer but it will wreak havoc on economies like Russia, Canada, and even here in the United States where state economies like Texas rely on the energy and oil industry.
So as we celebrate the idea of lower oil prices some will understand that with the lower price of oil mean jobs being lost and massive layoffs to come even more down the road.
So what will be the bottom price of oil this year?
Also imagine if Iraq was fully online and was able to pipe it oil through Syria to feed Europe with their oil?
Royal Bank of Scotland warns clients to ‘sell everything’
Iran oil headed for India, Europe, with sanctions lifting
The drop of oil prices is great for the average consumer but it will wreak havoc on economies like Russia, Canada, and even here in the United States where state economies like Texas rely on the energy and oil industry.
So as we celebrate the idea of lower oil prices some will understand that with the lower price of oil mean jobs being lost and massive layoffs to come even more down the road.
So what will be the bottom price of oil this year?
Also imagine if Iraq was fully online and was able to pipe it oil through Syria to feed Europe with their oil?