What will Oil Prices do to the Economy?

[FutureMoneyTrends]

Watch our eye opening documentary on the U.S. Shale Oil Sector, the coming crash:

[Chef Ramsay]

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.

[FutureMoneyTrends]

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

[wunkbone]

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.

[AnyYes]

But low oil prices are bad for the company producing and selling oil. In the US, many of them now.

[MemoryShock]

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...

[FutureMoneyTrends]

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:

[bryant.coleman]

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. 

[Lethn]

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.

[Whaler]

can we buy gas or petrol yet with btc lulz?

[Corenin]

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

[biscotaste]

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.

[Souldream]

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 ... ?

[Snail2]

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 .

[Malin Keshar]

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

[CryptoTrout]

hopefully it will give BP a reason to be more careful about oil spills

[Souldream]

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 :-)

[dyalldough]

How is this good for all? Does the US want war? Silly question, of course they do.

[FutureMoneyTrends]

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'

[bryant.coleman]

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.