I wouldn’t have believed it if it didn’t happen right now. How the mighty Oil that ruled the world’s stock markets with its prices, are at so poor condition now!
Oil to $40 per barrel! Did anyone expect this thing five months back? The prices were soaring as if oil will out beat gold in terms of prices. I thought that one day people will stop buying those precious metals and start investing on oil. Though it seems fantasy, I thought that one day there would be even special banks for oil.
If we take a look at the condition now, people are even expecting oil to fall as low as $1 per gallon. But what good is it if it doesn’t beneficial for at least some kind of people.
Let’s analyze…..
People didn’t stop using oil carelessly in spite of soaring prices. And it resulted in global warming. And as we see now, people are not interested to spend much on their cars even the oil prices are so less. This is really a contrast situation.
It is hard to analyze.....
But the rapid fall in oil prices has one thing obviously bad in its side. It is an indication of the worst times going on with economy now.
Oil to $40 per barrel! Did anyone expect this thing five months back? The prices were soaring as if oil will out beat gold in terms of prices. I thought that one day people will stop buying those precious metals and start investing on oil. Though it seems fantasy, I thought that one day there would be even special banks for oil.
If we take a look at the condition now, people are even expecting oil to fall as low as $1 per gallon. But what good is it if it doesn’t beneficial for at least some kind of people.
Let’s analyze…..
People didn’t stop using oil carelessly in spite of soaring prices. And it resulted in global warming. And as we see now, people are not interested to spend much on their cars even the oil prices are so less. This is really a contrast situation.
It is hard to analyze.....
But the rapid fall in oil prices has one thing obviously bad in its side. It is an indication of the worst times going on with economy now.
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