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November 28th, 2014 
FAKE NEWS for the Zionist agenda
Oil Down 6.88% On OPEC Strategy to Destroy U.S. Shale Business
November 27th, 2014
Warning: This is not a recommendation to buy, sell or hold any financial instrument.
I’ll be dusting off some capital for an eventual long side play. However, there’s a part of me, a gut feeling, that thinks that the shale apocalypse will just continue on somehow.
Crude Oil Jan 15 (CLF15.NYM) -NY Mercantile 68.62 Down 5.07(6.88%) 7:36PM EST
Via: Bloomberg:
OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers.
The 12-nation group abandoned its role as a swing producer, ignoring the steepest slump in oil prices since the global recession to keep its output target unchanged. Yesterday’s decision in Vienna propelled futures to the lowest since 2010, a level that means some shale producers may lose money.
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