Sunday, May 27, 2018
Steve’s Barking; Oil prices going up, too much of a good thing for oil producing states
Oh my the price of oil futures were going through the roof.
Great for Russia, great for the Arab oil producers, and even Venezuela.
The problem it’s greatest for alternative energy. The higher the price of oil goes up, the more Afordable alternatives are.
The more profits that alternatives are the more companies get into them. The more companies get into them the cheaper they become, and the more dependent the consumer becomes on alternative fuel, the less they will need oil.
So all you investors out there bet on oil futures.
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