“Could the U.S. Bail Out Its Own Oil Sector?”
December 10th, 2014Warning: This is not a recommendation to buy, sell or hold any financial instrument.
“…there’s a part of me, a gut feeling, that thinks that the shale apocalypse will just continue on somehow.”
—Oil Down 6.88% On OPEC Strategy to Destroy U.S. Shale Business
My long side trigger finger will start to itch if it gets under $50. Until then, no so much.
Via: CNBC:
An economist who correctly predicted the fall in oil price this year has told CNBC that the U.S. government could look to bail out its energy sector in 2015 as the commodity’s low price starts hitting the country’s economy.
“The U.S. energy sector is clearly important,” Steen Jakobsen, the chief economist at Danish investment bank Saxo Bank, told CNBC Wednesday. “They are paramount to the long-term strategic issue that the U.S. will be self-dependent on oil.”
