« 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. Remember: That which hurts Iran, helps the West. \Read my new book THUGS. It's easy. Just click. 4 June 2017 12:13 PM in Thoughts
Trackback Pings
TrackBack URL for this entry: Comments
Post a comment
Powered by Movable Type Site design by Sekimori
|