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Blogs > redmustang91 > Wild Red Mustang thoughts!

Crude oil price collapsing  

redmustang91 64M
Ask me for a photo
7761 posts
1/15/2015 5:07 pm

Last Read:
1/16/2015 4:06 pm
Crude oil price collapsing

The huge collapse in crude oil prices may keep going... With serious consequences for Texas, Russia, Iran, and other places that depend on oil revenues. Alaska is also in trouble.

But those who drive a lot are happy. Airlines will make more money if they are not hurt by less travel for oil companies...

Banks who loan to energy companies are going to be hurt by defaults and bankruptcies. Leverage will hurt the poorly capitalized...

Oil could go down to $30 a barrel. Things change.

Copper and other industrial metals are also starting to collapse. Wild stuff...

getlucky2132 45M
4996 posts
1/15/2015 5:53 pm

 So all that gimmicky finical paper is burning with it as well? Wait, I'm sure that happened first, of course. I mean, did oil inventories triple in the past few months?
Greater Than The Sum Of My Constituent Parts!


redmustang91 64M
Ask me for a photo
9760 posts
1/16/2015 9:19 am

 Speculation overshoots in both directions... the markets fluctuate.


redmustang91 64M
Ask me for a photo
9760 posts
1/16/2015 9:20 am

 I recall pics of gas at 21 cents a gallon....


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