Death of the petrodollar?
Ugly for Spain’s over-indebted, liquidity-challenged construction giants.
Crude oil inventory buildup points at a potential fiasco by next spring.
Price war to the bitter end?
“This requires more patience” – the Saudi Central Bank.
It shakes the whole foundation of investing internationally.
Their oil production sets records, US drillers aren’t backing off either, glut gets worse.
Follow the money!
Kremlin looks to Middle East and China.
No one backs off. Price plunges.