[b]OPEC is RIDDLED with Countries that ROUTINELY CHEAT on quotas and sell their oil on the black market. Too many GREEDY countries with ruling families that RELY on that OIL INCOME to keep them in power…REGARDLESS of the market prices.
This is a complete lie. A bold faced lie. A nice conspiracy that is. LOL.
Read it clearly Ohh foolish one. You can not go back and delete what you have said as I have quoted it.
First…The LEHMAN COLLAPSE is mentioned as a TRIGGER for the ECONOMIC CRASH and the end of the oil bubble.
Every where you go there is a “different” answer for the “trigger” for the economic crash. The fact is that it was OIL that broke the economies back.
Second…The article mentions SPECULATORS that created an OIL BUBBLE in the summer of 2008. There’s NO MENTION of pissed off ARABS intentionally raising oil prices to PUNISH the U.S. for an invasion. (that must have been in a secret memo you got) I guess by December of 2008 they weren’t MAD anymore because at that point “THEY” decided to let OIL drop to $32/barrel!!!
Your article is the word of God and those who wrote it did not pull it out of their a** but rather obtained the information from some mysterious factual information that does not exist. I am glad that you are now actually proving that you ARE a parrot of the main stream media. And I guess they weren’t MAD again at the end of the oil embargo either.
Third…The article mentions how lower OIL prices can destabilize goverments who’s economies are based on OIL revenues.
A lower than normal commodity price could obviously lead to economic problems for a country that completely depends on one single natural resource. Dubai doesn’t ohhh foolish one. I’m glad that you just figured this out. Now take the oil prices of the 1980’s and add 3% per year for inflation to determine what the oil prices should be today. They were obtaining massive wealth in the 1980’s and the prices were not through the roof. It’s funny how you think that they starve on $30 dollar barrels of oil.
Russisa from one day to the next pulled itself out of complete economic disaster from the temporary jump in gasoline. One month they are completely broke, the next month they had wealth. Overnight. That’s how much money changed hands and how quickly it left the US.
I guess the ARABS DECIDED to drop OIL PRICES to $32/barrel to SCREW themselves and create problems for their goverments???
$32 a barrel does NOT screw them, especially when it lasts for a very short period of time. I’ve got news for you, the price of a barrel of oil is not $32. It is $67.78. Continued raping of the American people and the rest of the world WOULD end up in creating WWIII. We WOULD go to the middle east and TAKE it if necessary. They DO know this.
The fact that falling oil prices have KILLED ARAB banks which used those OIL REVENUES to FINANCE Dubai’s real estate BOOM is just another FACT that you choose to ignore.
NICE FACT. But the real one is that Dubai BORROWED $80 Billion to finance its real estate boom and to make up for its lack of natural resources as it only has 4 billion barrels of oil reserves.
OIL MONEY FINANCED THE DUBAI real estate boom…NOT “tourism.”
Wrong again. They borrowed the money.
Why do you keep GUESSING with complete lack of knowledge of what you are talking about?
Something must be BUILT BEFORE the tourists get there. That takes FUNDING…That FUNDING came from OIL. Just having to EXPLAIN this to you in mind boogling.
It is MIND BOBBLING to me that you actually have the guts to come here and report this information as FACT when you are doing nothing more than LYING and GUESSING.