Get Ready for the Market Crash and Recession of 2016
By John Lawrence
Oil is less than $30. a barrel. This is over three times less than what it costs just to buy the barrel itself! Iran has been accepted back into the world community and is revving up to sell its oil on the world market which will bring down the price of oil even more.
Frackers and oil producers in the US have taken on a huge amount of debt under the assumption that it would pay off down the road. They hadn’t counted on the price of oil plummeting. What will they do when we convert 100% to renewables?






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