Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84% by Wolf Richter • Dec 2, 2014 • 5 Comments Out-of-money date is April. Fears that chaos will “lead to barbarity and people looting.”
Weren’t Lower Gas Prices Supposed to Boost Holiday Shopping? by Wolf Richter • Dec 1, 2014 • 3 Comments Drivers benefit from oil war. But what the heck are they doing with their moolah?
Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela by Wolf Richter • Dec 1, 2014 • 12 Comments The bloodletting is spreading.
