yes obama did not think, soon they will not ship and kaput
In spite of what we are hearing about the purpose of falling oil prices, I do believe I read somewhere that Saudi Arabia sees the future and is now making financial war on the USA. It appears that Russia is far more able to withstand what is happening than is the USA. ~J
Published time: January 07, 2015 17:44
Plummeting Brent oil prices are putting pressure on North American shale, which has sunk hundreds of billions of dollars into investment, and could soon come crashing down.
Tempted by big returns, shale companies have borrowed more than $200 billion in bonds and loans, from Wall Street and London, to cover development and projects that may not even come to fruition. Oil producers’ debt since 2010 has increased more than 55 percent, and revenues have slowed, rising only 36 percent from September 2014, compared to 2010, according to the Wall Street Journal.
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