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 — OilVoice.com]..
.. [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 …

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