The Micah Report Columns Thoughts Predictions About Micah Archives Contact
The Micah Report

« John Kerry Is Off To Syria | Main | Abbas Bashing Israel »

Oil Prices Drop Bad for Iran
By Micah Halpern

Saturday February 14, 2009

I've Been Thinking:

On Thursday at the NY Mercantile Commodities Market, oil dropped to an all time multi year-low of $33.98 a barrel.

There are many reasons for the drop.

Most of them are connected to the stimulus package and demonstrate the lack of faith investors have in the short term market.

The drop of course also illustrates the bear side of the market.

Do not be completely disheartened - there is some good to be found in the drop in oil prices.

The drop tells us that Iran is really suffering and will suffer some more.

The OPEC cartel can not single handedly alter the price by limiting supply.

This is good for the West and good for politics.

This drop also proves that the control the oil producing nations think they have is becoming more and more illusionary.

The role that real markets play is as important, if not more important, than the supply side.
We have moved one step closer to freeing ourselves from the shackles of oil producing countries.

Remember: That which hurts Iran, helps the West.

\Read my new book THUGS. It's easy. Just click.
http://www.amazon.com/s/ref=nb_ss_gw?url=search-alias%3Daps&field-keywords=halpern%2C+micah

4 June 2017 12:13 PM in Thoughts


Trackback Pings

TrackBack URL for this entry:
http://micahhalpern.com/mt/mt-tb.cgi/1662

Comments


Post a comment




Remember Me?

(you may use HTML tags for style)



Powered by Movable Type     Site design by Sekimori