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Re: Midday Report: Oil sinks below $68 as OPEC keeps output target unchanged

By: faul in ALEA | Recommend this post (0)
Fri, 28 Nov 14 6:25 PM | 54 view(s)
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Msg. 16339 of 54959
(This msg. is a reply to 16338 by Cactus Flower)

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Seems the US media is changing the story from
hurting Russia to now seeing it as an OPEC
attack on US Shale..........which it is.


Oil-in-new-era-as-opec-refuses-to-yield-to-u-s-shale


http://www.bloomberg.com/news/2014-11-27/oil-in-new-era-as-opec-refuses-to-yield-to-u-s-shale.html


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The above is a reply to the following message:
Re: Midday Report: Oil sinks below $68 as OPEC keeps output target unchanged
By: Cactus Flower
in ALEA
Fri, 28 Nov 14 4:30 PM
Msg. 16338 of 54959

that is great news.

i am sure doma is right that opec is screwing with folks with expensive oil resources.

so there will be damage to the us production sector. as well as russia.

but the us also has natural gas in abundance.

must also keep investing in solar and wind.


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