Oil is not well: Is the road ahead dangerously slippery?
Steven Philip Warner | The Dollar Business Since early last fall, a phenomenon has terrorised governments (economies), businesses, and investors more than terrorism itself. Oil. Simply put, the manner in which price of this commodity has nosedived towards the sea floor is clearly a result of Western policy failure, ghastly obstinacy on the part of OPEC to hold the world to ransom, and of course, the ego trip that America can’t do without. [Mr. Putin, your ‘rouble trouble’ will continue. And Mr. Maduro, our mindfelt condolences for your macroeconomic mismanagement-led woes, but most don’t know your name yet!] Amidst much impasse and chaos, oil has slipped. Its physical state now being reflected quite wholly and unconditionally in its price. From about ...
