Oil Market Showdown: Russia Versus Saudi
"Supply versus Supply" aka. Mutual Assured Bankruptcy
I didn't read the article, because this isn't about (over) supply. This is about demand. And there is plenty of falling demand coming to bankrupt everyone in the oil space.
Econ 101: low prices = increased demand? Price is falling much faster than demand is increasing. And somehow we are to believe that oversupply afflicted every single commodity at the exact same time. Sure...
Oblivious "tycoons" overinvested 0% poverty capital into commodity supply and then were "shocked I tell you" when demand for some inexplicable reason never showed up...
All Commodities (CRB) with Global Growth rate:
The Middle East is going back to the stone age, where it belongs...
