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Electronic Arts Inc. (ERTS) Message Board

thejumpingsheep 1 post  |  Last Activity: Mar 11, 2015 10:27 AM Member since: Apr 30, 2003
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    Oil crash coming

    by bzzzzbeeee Mar 10, 2015 8:51 AM
    thejumpingsheep thejumpingsheep Mar 11, 2015 10:27 AM Flag

    Market always adjusts and frankly we have never had a problem with oil supplies since as far back as the 80s so to say that is somehow a problem now (when it never was before) is moot. The only thing that has changed is where the oil comes from. OPEC is no longer a monopoly and they dont like it. They want their monopoly back, so they crashed the price to kill competition and it is working. Expect a ton of consolidation and a lot of buying at bargain prices by people affiliated with OPEC and others with inside leads. Before the dust settles, OPEC investors will own most of our oil companies and once that happens... we are screwed yet again (at the pump). The other possibility is our companies fight back politically and government gets involved by sanctioning OPEC (something we should have done decades ago). Or perhaps they will just subsidize our guys to keep them on their feet.

    Point here is dont get comfortable. Adjustments happen in a flash and there is a lot of politics at play when it comes to oil.

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