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发表于 2015-8-28 15:56:17
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ddtchu 发表于 2015-8-28 15:22
Two more reasons why oil price collapse:
1/ Green energy (solar, wind...)
2/ Autos are now a lot mor ...
IMHO, it is a collusion between US and Saudi, one is to punish Russia (invasion of Ukraine) and Venezuela, the other is to teach Shite (Iran, Syria, Yemen) Muslim a lesson. US gain in lower prices and less Shale and Fracking (victim unfortunately) , Saudi got too much oil anyway, wants to gain market share from Shale producers. Green is still a very small portion (except Germany, huge), Auto sales are way up, except limited driving in China due to congestion, smog (no blue sky) and really NOT NEEDED just a status symbol. Beijing is going to build 5 subway lines in 5 years. Zero in TO (shame shame Torontonians, no driving before 10am and after 2PM for me on the highway). Someday electric AND fuel cell cars may take over, not yet though. |
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