Despite the fact that low oil prices are very disadvantageous to many countries, quotes for black gold continue to steadily push down. According to analysts, the main reason for such a sharp drop was the slowdown in the economy in China, which is today the main importer of oil. However, the situation in the oil market is approaching critical values. Such low prices are unprofitable for the United States, they need expensive oil to avoid massive bankruptcies of companies engaged in the production of shale oil and gas.
Too much has been invested in the production of shale oil and gas in the United States. Funds of pension and insurance companies, private and bank investments were invested in the advertised “shale revolution”.
The bankruptcy of shale companies can cause a massive panic and a full-blown crisis that will affect almost all areas of the US economy.
Washington is interested in slowing oil production, so they can bet on a military conflict in some oil-producing region of the world. Recall, at least, how the bombing of Libya and the overthrow of Gaddafi influenced world oil prices - quotes were up. Now you can repeat the story and cause a military conflict, which will lead to a collapse in production rates and the complete destruction of existing infrastructure.
In Iraq, civil strife has once again intensified, and Saudi Arabia is completely dependent on oil exports.
Saudi Arabia, with the help of American military bases, is holding a huge stream of refugees from neighboring Yemen, where there is a critical situation with food and drinking water. In the north, Saudi Arabia borders on a hostile Iran. In general, at any moment a military conflict may flare up, which is beneficial to Washington.
For decades, Saudi Arabia and the United States have been strong allies in the oil market. However, now, it seems, their confrontation is beginning, which will very soon affect the US stock markets.
Too much is at stake. Huge amounts of money have been invested in American shale companies, and today investors are suffering enormous losses. Only one thing can save the impending economic catastrophe: eliminating competitors in the energy market at any cost, up to a large-scale military confrontation.
