Oil Price: Opec ‘Will Let Oil Price Fall Below $40’!

• Why is the for profit oil cartel, OPEC, collapsing prices? Why are the Russians going along? Who is playing who? Lower oil prices mean lower demand for US dollars and lower demand for US debt/treasuries. How is the US going to finance its trillion dollar a year debt now that the FedRes has decided to “end QE”? All these moves in crashing oil price is not about economics. It is about geo-politics. It is about the global monetary, economic and financial hegemony! The petrodollar is about to die a violent death! A fatal heart attack is coming to Wall Street!
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• Oil price: Opec ‘will let oil price fall below $40’! 
  by http://www.theweek.co.uk/ 
  Chancellor George Osborne says that overall falling oil prices are a ‘very good thing’.
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  As the price of Brent crude fell below $60 for the first time since 2009, the most powerful nations in Opec have made clear that they are willing to push prices as low as $40 a barrel in their bid to take on Russia and US shale, a high-profile Gulf oil minister said this week.
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  Suhail al-Mazrouei, energy minister of the United Arab Emirates, said that the organisation will let prices fall by more than $20 per barrel before they consider an emergency meeting to cut production.
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  “We are not going to change our minds because the prices went to $60, or to $40,” he said.
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  Brent crude, the global benchmark, fell by more than a dollar to $59.75 a barrel today, the BBC reports, while the price of US crude dropped to $54.85.
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  Tumbling prices have already had a profound impact around the globe, including in Britain where three times as many UK oil and gas firms have declared insolvency this year compared with 2013.
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