is it just because demand is down? or is it something else?Why have oil prices plummeted?
Demand is down globally, but the prices are soon to change. I think it was Thursday or Friday that oil was $37/barrel. Now OPEC is feeling the pinch and so they are going to decrease production, thereby driving prices up again.Why have oil prices plummeted?
My guess? It wouldn't surprise me to find out that OPEC has dropped the pricing deliberately to lull the rest of us into complacency.
Why? To reduce our desire for alternatives to oil, to reduce the pressure to develop efficient cars, and the means of reducing overall consumption.
They've a finite oil supply to sell. Why not cash in on short term volume sales while they can. Invest that cash into the currently relatively low cost shares of the best companies all over the world. Why not also invest that capital today, in the most promising new technologies and control them when the oil gives out.
I hope you know this is an orchestrated economic collapse and attack on the dollar which is leading to what they want: hyperinflation.
I hope you also know that the same people who control the government also own corporate media....so the average person is in a euphoric daze and by the time we wake up, its' too late.
We're experiencing the biggest robbery in world history.
It's being perpetrated by the people who are SUPPOSED to represent us.
supply and demand. that's why they're cutting production
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