Commercialfarmer
Well-known member
Supply is part of the answer, demand is the rest. The world's economy is on life support.
China had to take special measures/control of their market to stop the spiral into the abyss. We've been playing with monopoly money for how long now? EU is making deal after deal on how bad they are going to take it in the shorts on faltering socialist states it's propping up.
The glut of supply wasn't aimed at Russia as much as it was at all the over extended startup US fracking companies. Saudi flooded the market to squeeze them out and into bankruptcy. It's working on some.
China had to take special measures/control of their market to stop the spiral into the abyss. We've been playing with monopoly money for how long now? EU is making deal after deal on how bad they are going to take it in the shorts on faltering socialist states it's propping up.
The glut of supply wasn't aimed at Russia as much as it was at all the over extended startup US fracking companies. Saudi flooded the market to squeeze them out and into bankruptcy. It's working on some.