The US Economy Runs Into A Problem If Oil Hits $75 | WHAT REALLY HAPPENED

The US Economy Runs Into A Problem If Oil Hits $75

US shale oil is now the marginal swing barrel in the new world oil order, and as Goldman Sachs warns (despite Larry Kudlow apparently knowing better), a decline in WTI to $75/bbl would start to significantly slow US shale growth (and thus employment, capex, and the entire US economy).

Webmaster's Commentary: 

Obama was intent on harming Russia's oil exports and made a deal with Saudi Arabia to increase production to crush oil prices. But, as has become the hallmark of decision-making by the White House, nobody thought this all the way through as to what harm it might bring to the US. And Saudi Arabia is laughing that US attempts at oil independence are being crushed under the anti-Russian agenda and US dependence on Saudi Arabia will increase!

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