Oil Producers to Lose $1Trillion If Price Below $60 – Goldman Sachs

• Sounds like great news to me. It is about time the Satanic bloodlines who own Big Oil, lose a lot of money. Oil price should be closer to US$10/barrel than US$100/barrel. There isn’t a shortage of oil. The price has been artificially kept high by the Illuminist banksters who own Big Oil, who also own Wall Street. Ie. financial rape of the sheeple!
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• Oil producers to lose $1tn if price below $60 – Goldman Sachs! 
  by http://rt.com/ 
  The global oil industry will face a loss of $1 trillion as producers will be forced to cancel a number of key projects if oil prices stay below $60, says Goldman Sachs.
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  With Brent crude losing 45 percent of its price and trading at $59.9 at 12PM MSK Tuesday, a number of once ambitious projects could become unprofitable. Thus, plans on deep exploration in such challenging regions as the Gulf of Mexico or Arctic may be put at risk, says the Financial Times.
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  The research based on a $70 oil price was carried out looking at 400 oil and gas fields around the world, many of which are still waiting for a final investment decisions. The analysis, which excludes US shale, shows the fields with the equivalent of 2.3 million barrels a day output by 2020 have now become uneconomic. That figure rises to 7.5 million barrels a day by 2025.
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  read more!

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