US shale oil hitting the skids, page-120

Glad you asked Beardy

Yes you are right people would enjoy the fall but massive falls like this and the destruction of industries is not good for anyone. Yes lower petrol prices but might as well be zero if you can't afford the car to put it in.

Oil at US$100++ only encouraged reckless lending yet again leading to another boom bust cycle which only hurts the small guy.

In the meantime traders are engineering the a greater than necessary precipitous fall only to feather their own nests and don't even get me started with the algo trading aspect of this.

I guess what I am alluding to and I thought I made my point - maybe you didn't see it clearly enough or I didn't make it clearly enough - the world cannot tolerate these wild swings especially in the current economic climate. You might be able to enjoy the lower prices but if your neighbour is struggling then we all lose.

If this is the best that the current leadership can do to get us to this point plus the GFC, rescue the "too big to fail" companies, tech bubble, etc etc, what hope do you give one lonely voice on HC.

We are not entitled to higher prices forever nor should we expect extreme low oil prices. It would be reasonable, however, to expect that there would be a normal fluctuation with a sensible range where everyone continues to win or at the very least not lose everything and recover.


Be interested to hear what you have to say how things should look.

Cheers
BW