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Oil at $40 Possible as Market Transforms From Caracas to Tehran


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2014 Nov 30, 11:19am   3,828 views  8 comments

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http://finance.yahoo.com/news/oil-40-possible-market-transforms-210100351.html

Oil's decline is proving to be the worst since the collapse of the financial system in 2008 and threatening to have the same global impact of falling prices three decades ago that led to the Mexican debt crisis and the end of the Soviet Union.

Is this a huge buying opportunity or the beginning of a long term deflationary spiral?

Comments 1 - 8 of 8        Search these comments

1   Heraclitusstudent   2014 Nov 30, 12:35pm  

That's the $100,000 question.

2   bob2356   2014 Nov 30, 4:28pm  

debyne says

Is this a huge buying opportunity or the beginning of a long term deflationary spiral?

WTF are you talking about deflationary spiral? The oil producers will suffer the oil consumers will have a bonanza. You do remember the US economy of the 90's don't you? Having oil at $10 a barrel was a huge windfall.

3   curious2   2014 Nov 30, 4:35pm  

debyne says

decline is proving to be the worst

What is with these people who present every declining price as "bad" or "worse" or "worst"? For buyers, declining prices are good, better, or best. To be neutral about it, a decline in price might be gradual or steep, but good or bad depends on POV.

4   Tenpoundbass   2014 Nov 30, 10:23pm  

Expect cheap oil through 2016.

The Republicans are going to be looking pretty sweet in 2016.
My prediction is a lot prices on a lot of durable goods as well as commodities will be cheaper and affordable. Another side effect will be better jobs coming on line, as a direct result of cheaper gas and oil.

5   HydroCabron   2014 Dec 1, 12:51am  

CaptainShuddup says

Expect cheap oil through 2016.

The Republicans are going to be looking pretty sweet in 2016.

Yes; and, of course if oil goes back up it will only hurt Obama.

Good news: good for Republicans. Bad news: bad for Obama, so good for Republicans.

I can't wait until Republicans get the White House, so that all our dreams will come true!

6   Tenpoundbass   2014 Dec 1, 2:06am  

HydroCabron says

I can't wait until Republicans get the White House, so that all our dreams will come true!

Yup reactionary Democrats are worth having around. They suck at driving the bus. But they are a pretty damn good bucket brigade putting out shitstorms that Republicans created.

7   Shaman   2014 Dec 1, 2:18am  

On the face of it, the Cap'n's argument that cheap oil is good for GOP and expensive oil is bad for Dems is retarded.
But I suspect a lot of people make such connections. The Dems have this whole "green agenda" thing going, with their front man Obama out there insisting that the EPA must regulate carbon dioxide as a pollutant. Being consistently against our chief source of energy, the one element of the economy that can either slow things down or give us a giant boost, is bad for Democrats.
They'd be well advised to switch their stance. As the last Democrat POTUS said, "It's the economy, stupid." And oil is the economy. Being against it doesn't send the right message.

8   anonymous   2014 Dec 1, 11:13pm  

Quigley says

On the face of it, the Cap'n's argument that cheap oil is good for GOP and expensive oil is bad for Dems is retarded.

Quigley Down Under was on TV last night, and I thought of you.

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