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Rumor Mill News Reading Room, Current Archive

Guess What Happened The Last Time The Price Of Oil Crashed Like This?

Posted By: NaturalWisdom
Date: Sunday, 30-Nov-2014 22:49:05
www.rumormill.news/5135

In overnight trading, Jan 2015 Crude Oil Futures have fallen another point and a half to 64.71

Guess What Happened The Last Time The Price Of Oil Crashed Like This?
By Michael Snyder | The Economic Collapse
Nov 30th, 2014
http://bit.ly/1tCubZu

[snip]

There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months.

FULL REPORT



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AN EXPLANATION OF THE FACTIONS