Oil Prices
So basically what we need to know is that everyone on this planet (billions and billions of people) are dependent on oil directly or indirectly for all the basic necessities like food, transport and daily products. Now that we know this, let’s find out how the entire planet is being manipulated by a few powerful players who have been able to capitalise on this human dependency:
1. So it started when a few countries and their capitalists decided to get together to control the the production and supply of oil- the one ingredient that is capable of turning everyone into addicts (Sure enough we cannot live without oil, and thereby are addicts).
2. These select few ultra rich countries and capitalists get gargantuan amounts of money for the oil from the billions of people.
3. The money from billions of people reaches few very rich people who don’t know what to do with the over excess amount of money.
5. Suddenly, USA- a major importer of oil, becomes the biggest oil producer due to its shale oil resources in Texas and North Dakota.
6. There is now surplus oil in the market as none of the oil producing countries want to take a back seat and stop producing oil.
7. So the billions of people are glad at the oil price drop and are happy to spend less money on the fuel without a clue that if this trend continues, they would end up losing jobs and hence will not be able to afford the fuel even at low prices.
Remember the few capitalists controlling the oil and using the money to invest in stocks? They cut down on their investments in the stocks.
9. This is a terrible news to the stock market as without investments they are going to drop like hot bricks. And the economy.. it drops too, and shall eventually crash.
10. Thus, if the oil prices continue to drop, there will be recession.
Team Infornicle
Walking Dead
Soumya Bollapragada
Shraddha Singh
2 comments
Billions of people save money on oil. Eventually that money will come the market.
I agree that billions of people will save money. But will all of them invest the saved up money in stocks? Will the money circulate in the market? Or will it stay in the individual pockets?