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originally posted by: elementalgrove
I take this as a great sign!
The oiligarchy is coming to an end and we will see a technological revolution that will pave the way for a whole new paradigm in which we can get away from a profit driven mindset and move back towards harmony with the earth and humanity as a whole!
Nothing more dangerous than a scared cornered animal.
originally posted by: machineintelligence
The big banks are seriously exposed to loans to oil companies. The oil industry is taking down the biggest banks. It is like we are in the middle of a huge war and the resource providers are beating the crap out of the big banks. Not sure where this is all leading but it looks grim to me at this point for a lot of the world economy as this unfolds.
originally posted by: Phage
You know, there are some pretty small "oil companies" out there. Small companies fold up on a pretty regular basis. Obviously the decline in oil prices is going to hurt small companies a lot more than large ones.