And somehow that is not an unmitigated good thing according to the headlines. It's mitigated. Somehow.
Last year it took me a while to understand why oil started going through the floor, why with the world out of the Great Recession, sanctions on Russia begun, and China still chugging along-the "fundamentals" looked good. To me. Prices started going through the floor because the Saudis tried to stillborn the American shale oil industry, the revolution in natural gas produced by fracking, by refusing to cut production. Drive the price down to maintain market share. Okay. Okay, I get that.
But one of the reasons given for the current slump, oil has fallen every single day in 2016, is that Xi Jinping has bats in his belfry and the Chinese economy is in deep shit (and it really looks like it's in deep shit). Okay, fine! I get that too except then why when the Chinese economy was chugging along was oil still dropping? Huh? You make me sick.
Still don't get why no sunny headlines in America, either. Comparatively I don't give a FUCK about what problems the fall has caused Russia and Saudi Arabia. Nor American commodities traders. You had "long" when you should have had "short" and now your 401k is a 201k? Well, you're a fucking short pencil dick anyway, go jump out a fucking window! And take the Russians and Saudis with you!
Oil has fallen 50% in the last year, okay? So why were gasoline prices at the pump a year ago $2.14 and today $1.96? That ain't no 50% drop, Pilgrim! That's another thing I don't understand. Basically, I don't understand shit. The Russians and Saudis and oil futures traders can still go jump out a window.
Last year it took me a while to understand why oil started going through the floor, why with the world out of the Great Recession, sanctions on Russia begun, and China still chugging along-the "fundamentals" looked good. To me. Prices started going through the floor because the Saudis tried to stillborn the American shale oil industry, the revolution in natural gas produced by fracking, by refusing to cut production. Drive the price down to maintain market share. Okay. Okay, I get that.
But one of the reasons given for the current slump, oil has fallen every single day in 2016, is that Xi Jinping has bats in his belfry and the Chinese economy is in deep shit (and it really looks like it's in deep shit). Okay, fine! I get that too except then why when the Chinese economy was chugging along was oil still dropping? Huh? You make me sick.
Still don't get why no sunny headlines in America, either. Comparatively I don't give a FUCK about what problems the fall has caused Russia and Saudi Arabia. Nor American commodities traders. You had "long" when you should have had "short" and now your 401k is a 201k? Well, you're a fucking short pencil dick anyway, go jump out a fucking window! And take the Russians and Saudis with you!
Oil has fallen 50% in the last year, okay? So why were gasoline prices at the pump a year ago $2.14 and today $1.96? That ain't no 50% drop, Pilgrim! That's another thing I don't understand. Basically, I don't understand shit. The Russians and Saudis and oil futures traders can still go jump out a window.
