Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… an Oil Price Shock [#a real possibility]…

Posted by paulfromwloh on Sunday,August 10th,2014

.. it is possible , and it is real ..

.. unlike 1974 or 1979 , it is not something that can or might be reversed by a ” snap of the fingers ” …

.. [h/t —]..
.. [link] to the economic report …

.. with Libya ‘ s decline , the possible damage in Iraq , and premiums that could price into the market , due to the effects on the Gulf nations and Saudi Arabia in particular , it could get nasty …

.. also , now , Russia is a major producer . It is also very heavily dependent on oil revenue as a source of tax revenue for its Treasury . The Russians may not want to turn off the ” tap . ” But events may do it for them …

.. also , here in the U.S. , if it happens before November 2016 , the DemoCraps will be crushed at the polls . Even Miz Hillary cannot overcome the effects of disastrous policies from the ObamaCrap administration …

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: