Saudi Arabia is concerned for their market share as well they should be. If they hold the price up by cutting their production, then the United States will take even more of their market share. The U.S. has already closed 15 refineries in Europe by shipping refine products there. The Republicans are proposing to change the law against exporting crude oil. When that happens then Cattie bar the door. Our ships go out with crude oil and return with wealth. Our balance of payments is shifted favorably. The transfer of wealth has reversed. We will keep and accumulate more wealth.
Our GDP increased by 5% from July until November, the largest increase in more than ten years. Our Stocks are at an all-time high. The dollar is increasing in value. Our companies will buy out other companies in the world based upon the strong dollar.
We will increase our interest rate slightly, maybe ½ percent this year and the dollar will trade even higher as no other currency is as strong or as likely to appreciate. Investors will buy dollars.
Iraq, Iran, Russia, Venezuela, and other countries will have less money to invest in weapons. They will have to invest in their people or face revolution. Iraq oil means ‘Kurdistan’ which will be a separate country from Iran and friendly to the U.S. It will also remove the wealth from the rest of Iraq which hates our guts.
As for North Korea, I still believe we have our Star Weapons in space though there is not record of us ever using them. Some such strikes might be mistaken as drone strikes. I picture a solar powered Gatling gun firing lasers (at least two Star Wars Weapons, one to cover the other if attacked), at least that is how I pictured it. If that is true, we could dissolve the North Korean offensive weapons. ZAP! As far as cyber warfare, I think that could make some of the best books/movies for the next ten years, as long as they incorporate plenty of action, sex, machismo, etc. Maybe Sony needs to explore their real hacking story as a movie and make lemonade out of lemons. That is my definition of genius.
Bad news, temporarily, prices rebounded. Gasoline jumped by up by 11.72 cents/gallon at the average rack in Selma. Diesel fuel is hardly changed, up a mere 0.10 cents/gallon. Crude moved up by $1.17/barrel to $56.77. Prices are:
Have a great day,