OilyGasMiner

Oil & Gas Headed Lower as Economy Strikes Consumers

Michael you speak the truth, the OPEC countries are hurting while the North Americans get a sigh of relief at the pumps. There are so many factors influencing the recent declines, and it thus it is difficult to pinpoint the areas of the true SOURCE of the matter. A key issue that got us here in the first place that alot of us ignore is the role of the credit agencies. They failed to properly re-assess the mortgages.. and held stead fast on ratings even though AAA were being mixed with CCC toxic bonds. We need to address the ROOTS of the problem rather than catering to the simple symptoms.