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Topic: What will Oil Prices do to the Economy? (Read 1143 times)

sr. member
Activity: 325
Merit: 250
January 28, 2015, 10:45:42 PM
#21
Did the Illuminati Crash the Oil Price?

http://www.futuremoneytrends.com/trend-articles/macro-economics/did-illuminati-crash-the-oil-price

bryant.coleman + others:
its refreshing to see so many experts in response to our video/topic. Of course, bitcoin guys are smart and savvy Smiley
legendary
Activity: 3752
Merit: 1217
January 28, 2015, 10:39:03 PM
#20
the saudis are hurting themselves too with the fall of oil prices.

and since ruble is falling, the damage done to russia might not be too big

Saudis are having some $700 billion in their reserves. Russia is also having some $380 billion. So both these nations can withstand lower oil prices for 2-3 years (5+ in the case of the Saudis). However, nations such as Venezuela and Iran don't have such an advantage.
sr. member
Activity: 325
Merit: 250
January 28, 2015, 09:55:53 PM
#19
The effect of low oil prices is war, since the cause of the low oil prices was an attack on several oil producing countries in the first place.

What countries?

Well that's something we discuss in 'Roadmap to World War 3'
newbie
Activity: 44
Merit: 0
January 28, 2015, 03:23:21 PM
#18
How is this good for all? Does the US want war? Silly question, of course they do.
legendary
Activity: 1110
Merit: 1000
January 28, 2015, 12:05:22 PM
#17
and since ruble is falling, the damage done to russia might not be too big

Than ...let's wait to get it at 50US$ ... and we will see how russian economic will be hurted !

When a country has only Gaz/Oil as PIB goal ... Gaz has not been sold good either this year ... as russian claimed they sold around 30% less of Gaz ... less sell = low price ... good for all :-)
hero member
Activity: 706
Merit: 500
https://twitter.com/CryptoTrout
January 28, 2015, 11:36:53 AM
#16
hopefully it will give BP a reason to be more careful about oil spills
hero member
Activity: 616
Merit: 500
January 28, 2015, 08:12:27 AM
#15
the saudis are hurting themselves too with the fall of oil prices.

and since ruble is falling, the damage done to russia might not be too big
legendary
Activity: 1512
Merit: 1000
January 28, 2015, 06:52:49 AM
#14
But low oil prices are bad for the company producing and selling oil. In the US, many of them now.

The US producing expensive oil sometimes with specialized equipment (especially the shale stuff) and (relative) well paid workforce. The arabs using standard gear and cheap workforce (from east asia). Russia and the South American oil producers are doing pretty much the same. So the OPEC don't like it, but can go as low as cca. $30, when the US producers are struggling under $70.

Capitalism lesson 1: if you have a price advantage then use it first to get rid of your competitors Smiley.
legendary
Activity: 1110
Merit: 1000
January 28, 2015, 05:52:28 AM
#13
But low oil prices are bad for the company producing and selling oil. In the US, many of them now.

Perhaps but where are all reserves of money collected all these last years ... ?
newbie
Activity: 44
Merit: 0
January 28, 2015, 05:05:25 AM
#12
The effect of low oil prices is war, since the cause of the low oil prices was an attack on several oil producing countries in the first place.
legendary
Activity: 1008
Merit: 1000
January 28, 2015, 01:32:27 AM
#11
can we buy gas or petrol yet with btc lulz?
not yet
but i think very soon we will able to buy with btc

low oil prices are good for economy those imports oil but bad for those who produce the oil
full member
Activity: 123
Merit: 100
January 28, 2015, 01:12:47 AM
#10
can we buy gas or petrol yet with btc lulz?
legendary
Activity: 1540
Merit: 1000
January 28, 2015, 01:05:56 AM
#9
Yeah, only Keynesians would bitch about falling oil prices, they probably have stock in oil companies which is why they're so terrified, I really don't know of any normal person that would go "Oh great! Something I buy on a daily basis has gone up several times in value which means I now have to work twice as hard to earn more money for the same amount!" these people live in delusion.

I hope more and more governments abandon the U.S dollar and ignore any deals the U.S government attempts to make with them.
legendary
Activity: 3752
Merit: 1217
January 28, 2015, 12:30:52 AM
#8
Whatever the so called "economists" might claim, I think that the falling crude prices will be positive for the global economy. It will accelerate economic growth outside OPEC / Russia. And I can already see the effects where I live.  Grin
sr. member
Activity: 325
Merit: 250
January 27, 2015, 03:03:28 PM
#7
It should make the cost of food cheaper...should.

Low oil prices are a result of Saudi interference with the Russian economy....because Russia is a bad guy now. There is a trap here somewhere...



That was our theory presented in oil wars 1:
hero member
Activity: 728
Merit: 500
January 27, 2015, 02:44:31 AM
#6
It should make the cost of food cheaper...should.

Low oil prices are a result of Saudi interference with the Russian economy....because Russia is a bad guy now. There is a trap here somewhere...

newbie
Activity: 37
Merit: 0
January 27, 2015, 02:33:21 AM
#5
But low oil prices are bad for the company producing and selling oil. In the US, many of them now.
sr. member
Activity: 420
Merit: 250
January 27, 2015, 02:10:24 AM
#4
Very interested in the subject but how did you embed that image/link/video? No need to clog the thread but pm me on that.
He added a link and then added an image in the "text" of the link.


I would say that lower oil prices will likely have a net positive effect on the economy. Consumers will be able to spend more money as they are spending less on transportation expenses while overall prices should fall as businesses will spend less on getting their products to their point of purchase.

The negative that it will have on the economy is the lower employment levels in energy related fields.
sr. member
Activity: 325
Merit: 250
January 27, 2015, 12:12:24 AM
#3
Very interested in the subject but how did you embed that image/link/video? No need to clog the thread but pm me on that.

no prob.
its just an image with a play overlay; from our email campaign:
http://us3.campaign-archive1.com/?u=a761d26d77d6eef6d0000f00c&id=391fba73d6&e=ff108e773a
legendary
Activity: 1568
Merit: 1001
January 27, 2015, 12:07:07 AM
#2
Very interested in the subject but how did you embed that image/link/video? No need to clog the thread but pm me on that.
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