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It  is obvious we have a major oil glut in the world, in countries such as US, Canada, Saudi A. and Russia. So that prices wont hit $30, the only way to keep price up is threats of war either by the Middle East, US or Iran. However, if we look at the chart, charts don't lie, prices will need to stay above 58.5 otherwise they could eventually drop to 45 - 50. So far all these events about the Saudi reserves blown up, was not Iran's doing. US has said if the Sauds claim it was Iran then war will start. However, this time around war wont start. The BFF will have to come with a much better "False flag attack" like 911, to get oil prices to hit $78. With Moustache Joe (Bolton) out, there is a serious problems now with starting a war with iran. And its up to someone from the middle east and in coordination with the CIA, to set up some serious False flag attack, to cause US to enter the war. 

Now having said that, since Iran is on the list of the 7 countries the US needs to attack, others being, Syria, Afghanistan, Iraq, Syria, Libiya etc, War will eventually happen, maybe sometime after 2020. Trump cant afford a war before the elections, as his voters will vote him out if he starts one now. His tough talk only helps prices, clear out the big shorts from the hedgefunds, and help US shale producers not to under temporarily, eventually the US shale producers will go under. But that will be sometime after the US Iran war after 2020. to be setup by the Neocons, Boltons former friends.

So for now oil prices will go back down, though 45 is the bottom they can hit if they dont control the prices, prices should hover between 50-60, until the next big False flag sometime after 2020, and by then we could see prices hit 78 or  even higher,

  • Rolling Eye 1

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The recession will start bit after the Iran US war sometime after 2020. Oil prices spike to as high as they can, 78++, manufacturers go under world wide, some will disappear for good. And the recession happens for about 2 years or so. 

Now the only way a war could break out, is if they (neocons) blame Iran for firing  a missile from an Iran boat somewhere in the straits of Hormuz. 

This will be facilitated by taking a boat belonging the the BFF camouflaging it as an Iran boat, and filming the attack on a US vessel, to get International support for the war.

  • Rolling Eye 1

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if there was any chance of war, oil would not have dropped today to 58. So now as i said earlier its back to low 50s, maybe if they cant control the prices with more news, its down to the 40s.

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