Gerald Celente: What's behind the recent drop in Oil Prices and how is it affecting the world

Gerald Celente - Russia Today - October 20, 2014 , What's behind the recent drop in oil prices and how is it affecting the world.





low oil prices are good for the consumer, but not for the Russian pocket book. No wonder she is pushing this conspiracy BS over economics as the cause. She was pushing Celente into the Oil Conspiracy nonsense, Saudies against Russia. I don't think there is any conspiracy, the oil is down because the demand is down. And the demand is down because the world economy stinks... Saudies, on the other hand, try to take advantage of it and gain bigger market share... It is as simple as that. Saudies can afford chipper oil, where as Russia and the US cannot. Saudies would also want to eliminate the US shale oil competition... No conspiracies, just simple greed. And after all, lower oil prices are better for the consumers, It will hurt the oil companies, but the oil companies is the last thing I worry about.