by DAVID BROWN | CLEARNFO.com | Jan 13, 2016

OIL

The low price of oil is a conspiracy between the US and Saudi Arabia to bankrupt Russia; and as a side benefit, it reduces Saudi competition from the US and Iran thus maintaining their market share. Question: Will it backfire? Saudi is already in deep dodo over this having to borrow money… can you believe that? The big question is can Russia outlast Saudi Arabia? We shall see. Russia said that they would still produce oil even if it was zero dollars per barrel. It’s a fight to the death. An unexpected risk to the US financial system is what impact will this have on derivatives and hedge funds?

Counter-Punch:
Russia Is Breaking America’s Oil Price Monopoly
The end of the ‘petrodollar’ will mean a simultaneous end to the USA’s ability to enforce global hegemony