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Oil Prices, Stocks Plunge After Saudi Arabia Stuns World With Massive DiscountsSaudi Arabia has announced a stunning discount in oil prices — of $6 to $8 per barrel — to its customers in Asia, the U.S. and Europe. Paired with its ability to rapidly increase production, those price cuts will push the price of oil down for everyone. This sucks Wow. The price of energy is plummeting. I guess that means lower prices for American consumers. Oh, who am I kidding? The corrupt economic system has almost nothing to do with supply and demand or 'the markets.' discount from $6 to $8?...discount?
Source: NPR - 🏆 96. / 63 Read more »
Column: As Saudi Arabia blows up crude oil market, stand by for fallout - RussellSaudi Arabia has detonated a metaphorical nuclear weapon in the global oil marke... What, not another social justice story this move by the Saudi's will cripple the Russian economy. there's no way they're doing this on their own and no doubt it's being orchestrated by Trump. He seems to have an insatiable desire to inflict pain on Russia. US Energy com. Victims
Source: Reuters - 🏆 2. / 97 Read more »