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Friday, January 2, 2015

Low Oil Prices Hits Just About ALL the Bad Actors

Cheap Oil: When bad things happen to bad people (Paul Sheehan) from the Sydney Morning Herald [of Australia]
"The good news is that the collapse in the price of oil this year has, disproportionately, afflicted repellent regimes. The lower cost of fuel is bringing rough justice to Saudi Arabia, Russia, Iran, Iraq, Libya, Venezuela, Cuba and even Islamic State. It is also causing a world of pain to the American fracking industry, while changed the face of geopolitics when America began pumping out as much production as Saudi Arabia."

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