In addition to growing supplies, a stronger U.S. dollar
and lower demand -- consumers in the U.S., in
particular, have responded to chronically high gas
prices by purchasing more efficient vehicles -which is
driving down demand. None of these factors are
expected to change soon.
Oil prices have doubled their value since June,
rising from about $55 a barrel to $100 a barrel as of
this writing. They are expected to go higher, with some
industry analysts predicting $150 a barrel.
There is already a plot afoot to keep rallying oil
prices, and it is being led by the leader of OPEC: Saudi
Arabia, a nation that relies almost exclusively on oil
revenues to fund its monarchy and generous
government entitlement programs.
Since 2015 some economists and financial analysts have
said, and have warned that Russia's economy is not
expected to improve in the long run unless two things
happen: The oil price skyrockets again, or Moscow's
relations with Ukraine improve.
The Central Bank of Russia (CBR) announced a plan to
loan Trust Bank about 30 billion rubles (about $531
million, as reported by The Washington Post on
December 22,2015); analysts, meanwhile, warned that
Russia's banking sector was particularly vulnerable
during the worsening financial crisis.
The Russian banks have been in trouble and weren’t going to be able to make their payments for March 2022 anyway. The oil companies have been
bankrupt since 2015 when oil prices fell under 50.00. And the Central Banks knew all this.
Either way the market was going to crash but the Central banks and the Fed didn’t want to take the blame for it. So they are making Russia take all
the blame.
The first crash was to get Trump out of office and to take control of the US dollar and the stock market. This next crash is to put them in control of
the world.
edit on 01-12-2022 by mcsnacks77 because: (no reason given)