The Saudis and OPEC are not going to cut their oil output, no matter what:
http://www.cnbc.com/id/102289037
Can the world's economies survive if oil drops to $20 per barrel? What is OPEC really trying to do?
As I have said before, maybe the time has come:
There is a mechanism being put into place to destroy the US dollar in the next few years. It has many components, but the primary ones are an alternative oil sales system, a gold-backed trade platform, an international central bank outside of Western control, a framework for diminishing US influence, available natural resources, and a coalition of regional leader nations. Participants have reportedly agreed to prices of $7,500 minimum for gold and $150 for silver [per troy ounce].
http://sainthoward.blogspot.com/2014/12/jack-ryan-shadow-recruit.html
"Happy New Year" on that for a while.
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