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Politics : Politics for Conservatives -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (62982)	11/30/2015 11:27:42 AM
From: Cautious_Optimist	Respond to of 124681

Oil prices used to be inverse to social unrest, especially in the Middle East. Supply and demand, plus a Saudi economic war to drown North American tar sands and fracking competition. The drop in crude price is much more complicated than what claptrap retail analysts are pumping to generate trading (Goldman Sachs will be long with derivatives, when clients sell off their long held oil stocks.) With "costs" as the ultimate floor, it would be hard to sustain $20/barrel for long without supply drying up. In the long run, the best economic contribution to the wealth and health of a society are sustainables - when oil based energy costs reflect TRUE costs rather than socializing the costs to you and me.