Oil As A Weapon

Hat Tip: The Big Picture

World Order - History of last 2000 years

An Annotated History Of Oil Prices Since 1861

Hat Tip: Business Insider, Goldman Sachs

Opec States Scramble to Avoid Debt Default

To cut production to maintain oil prices required to balance budgets OR wait till the lower oil prices takes out marginally expensive shale production (in some fields), OPEC is on a slippery slope here.

Hat Tip: The Big Picture

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