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The Saudis are hosed, everyone else should be OK if uncomfortable
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Jan 12, 2016 07:04
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Grey Area posted:It's the Saudis doing this. They are trying to destroy the North American fracking business, Iran and Russia, all of which have far less money in the bank than KSA. Only 13% of world oil production comes from SA, they don't have power to set prices. Most of the crash in oil prices has not been caused by SA flooding the market. And what's more, none of the oil producers can afford to cut production, because they all need the money for wars
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Jan 12, 2016 22:05
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Venomous posted:So will this gently caress over Hillary in the general? No, why would it? Maybe if Saudi Arabia actually fully implodes in the next 9 months, but otherwise it will probably be positive for the American economy Vermain posted:Probably the biggest difference is that the global economy has made a "recovery" in name only since 2008, with nearly every country in the world doing worse in terms of GDP growth than their pre-2008 levels and not getting anywhere near back to where they once were. Only the United States has seen respectable recovery, but it's still well below historical averages. The lack of major profitable investment opportunities is going to be even more keenly felt this time around now that China is on the ropes. At least post-2008 had the seemingly endless Chinese Miracle to prop up investor hopes. Where are they going to put their money now? Won't somebody think of the investors????  And besides, there are still plenty of developing economies. People keep making noise about India, although I'm not sure when something will actually happen there
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Jan 12, 2016 22:55
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RuanGacho posted:Has there been any study on what happens to the petrol states if say, the price remains low enough for long enough or we pass peak oil consumption and they can never again feed their lifestyles on highly subsidised internal consumption? Most oil states will be fine, SA though has a not-insignificant chance of actually imploding as a state because of the weakness of its government and ethnic tensions
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Jan 26, 2016 18:47
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