I normally only post Pharma News, but the railing oil is taking is getting to the danger level. Yes, consumers are happy because they can fill their tank for way less than a few months ago, but plummeting oil screams “deflation”, sinking world-wide demand, and huge losses for oil companies and hedge funds. Living in California, especially Berkeley, maybe we will see the looters replaced with cheering for the injured Oil Companies, but the pain will be widespread to the entire world. Think of all the huge unwinding of leveraged, derivative oil trades, Â jobs, capital investments, and taxes the world will lose. Deflation is a bad thing and buyers of crude should be sitting on their hands for now. Â Just saying, other than that, keep making progress. zimm
Crude Oil getting Decimated – Not another Gov’t rescue – Please!
By Scott Zimmerman|2017-04-25T18:03:51+00:00December 10th, 2014|Pharma News|Comments Off on Crude Oil getting Decimated – Not another Gov’t rescue – Please!
