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Oil Projects Cancelled, ‘Rippling’ Layoffs and Defaults: “Money to Fund the Drilling Boom is Drying Up”

Oil Projects Cancelled, ‘Rippling’ Layoffs and Defaults: “Money to Fund the Drilling Boom is Drying Up”

by Mac Slavo | Jan 8, 2015 | Aftermath, Commodities, Forecasting

Falling oil prices have been hammering the energy sector and crimping the one part of the American economy that was actually expanding. Instead, that momentum is shifting towards rapid market contraction and possible collapse. The sustained drop in oil prices is not...
Panic: “Falling Oil Prices Could Trigger Nightmare Scenario for Derivatives… Day of Reckoning Rapidly Approaching”

Panic: “Falling Oil Prices Could Trigger Nightmare Scenario for Derivatives… Day of Reckoning Rapidly Approaching”

by Contributing Author | Dec 4, 2014 | Aftermath, Commodities, Conspiracy Fact and Theory, Headline News

This article was originally published by Michael Snyder on his Economic Collapse blog. Editor’s Note: While the insanely falling oil prices are giving a temporary moment of glee to consumers at the pump, it is already unleashing economic consequences to numerous...
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