| Madelaine Amee |
08-22-2014 09:30 AM |
Selling Oil for $25 Barrel
Did anyone else see or hear this small piece of reporting last evening? Evidently Isis are selling oil for $25 a barrel. This, in itself, could create some interesting scenarios in the middle east. If they are flooding the market with cheap oil what do you think the rest of the oil producers are going to do;; i.e. OPEC - are they likely to allow these people to saturate the market with cheap fuel while they are waiting for their $100 a barrel? Maybe this will cause the rest of the Arab nations to start thinking sanely and stop thinking it's a Western problem. This group is out to bring down the whole world, not just us. It was also reported that Saudi Arabia have been rounding up and sentencing large numbers of terrorists (very quietly) over the last few months or so, they are obviously well aware of this problem on their door step.
BUT, unfortunately, I do think you will see us go into Syria where they got their start!
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