Kerry, Saudi King discuss oil supply, U.S. official says,
Prices were already dropping. From your link...
Brent crude oil was little changed in trading on Friday following one of the international benchmark's biggest weekly falls this year due to reduced concerns over exports from Iraq.
Prices have dropped more than $2 from a nine-month high of $115.71 hit on June 19 as output from Iraq's southern oilfields, which produce most of that nation's 3.3 million barrels per day (bpd), remained unaffected by fighting in the north and west.
The Shale Boom Has Already Gone Bust - At Least for Now,
A logical consequence to falling oil prices. From your link...
“Many years ago we were told by a veteran of the commodities business that the secret to making money was to ‘buy it when they hate it and sell it when they love it,’” he wrote. “We do not base our decisions on nostrums but there is a certain logic to this old saw. The market is forward-looking. If the consensus is universally bearish then that view will already be reflected in the price.”
The Boomerang Effect: Sanctions on Russia Hit German Economy Hard
I'm still missing the evidence to support the "thousands" of jobs lost in Germany because of the sanctions when in fact Russia's economy was already contracting. From your link...
Enjoy!Even prior to the latest sanctions, business has been slowing in almost all sectors. The Düsseldorf-based energy giant E.on, for example, recently built power stations in Russia worth €9 billion. Most of the generators are already online, but because the economy in Russia is suffering, the returns are much lower than forecast. Volkswagen is a further example. The carmaker's sales figures for 2014 are 10 percent lower than they were last year. Opel's figures dropped by 12 percent during the first five months of the year.
Already, Opel has been forced to take a radical step. In St. Petersburg, where the Astra is manufactured, the company shut down the assembly lines recently for several weeks.
I did. Now tell us how the price of junk bonds affect the value of the dollar... I'll wait.
Meanwhile, think about how ridiculous some of these claims are. You, Dis and others here actually believe that by Kerry meeting with a prince in SA the US can control the price of oil globally. That's your claim.
And yes, that's how ignorant it is.