Monday, January 18, 2016

OIL PRICES ARE COLLAPSING...... A VERY PESKY FACT!

OIL PRICES ARE COLLAPSING

It's getting worse... faster! 

So record inventory surge in gasoline, global storage at its limits, price-war in Europe, Saudis in panic cash-flow "whatever it takes" mode, borrowing bases being slashed, credit risk at record highs, and Canada now facing widespread shut-ins... but apart from that, the bottom must be close right?

THIS COULD ONLY BE HAPPENING IF THE GLOBAL ECONOMY WAS IN DIRE STRAIGHTS....DARE I SAY IN DANGER OF COLLAPSING!

These developments in crude oil prices should shock investors.

First, OPEC - after its crude basket price dropped below $30 for the first time in 12 years - slashed its price overnight by $2 to $27.85 - the biggest single-day drop in history and lowest level since November 2003...





Canadian heavy crude oil collapse below $20 - a record low!




Venezuela lowers its crude below crucial $30 level.


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