Crude oil prices have gone from over $100 a barrel to $30 a barrel. Remained there for an extended period of time, and have since risen higher. There has been much consideration of who benefits the most if oil is forced down. Countries that are big oil exporters and rely on consistent high prices, are unable to cope for long if prices are low. So who benefits most if prices are high?
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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe
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https://oilprice.com/oil-price-charts
China’s petro-yuan ‘thundering into action’ as Iran ditches US dollar in oil trade — RT Business News
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Iran oil sanctions could advance China's 'petro-yuan' | Reuters
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Like it or not, crude oil is the biggest reason for Canada’s prosperity | Financial Post
http://business.financialpost.com/opinion/like-it-or-not-crude-oil-is-the-biggest-reason-for-canadas-prosperity
Oil At Highest Level Since 2014 | OilPrice.com
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Italian Markets Rocked by Reality of Populist Coalition Proposal - Bloomberg Quint
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There is some fear that Saudi can open the tab at will to keep price below the profitable line for shale / fraking... Hopefully there is some truth to that. With carbon tax gas is already at the same all tine high level when crude is over $100 a barrel at the current $70 price. What would gas price be with another 40% gain to $100?
oil at 100 is meant to happen... even higher... it's just inflation...
That would be good for the shale industry in north america, not necessarily a bad thing, if all these industries collapse because of cheap saudi oil, we may have something worse than high energy prices, no energy at all.
I see war breaking out over this . The Zionist assholes ruling this country aren’t going to just let this happen . Great report .