| In analyzing the global fourth quarter crash of the commodity markets, it has become quite obvious that the bulk of the un-natural depth of the slump was caused by a desperate attempt by Saudi Arabia to undercut the incredible growth of America's hydraulic fracturing, which had added a million barrels a day throughout 2014.
While $100 per barrel had become a stable target for most of 2013 and the first eight months of 2014, the sudden crash right after Labor Day was no coincidence. Although a $30 per barrel low of crude oil for both foreign Brent crude and domestic West Texas Intermediate (WTI) had been expected in the depths of the great financial recession in March 2009, this was a far cry from the relatively moderate supply/demand imbalance that ostensibly caused the "halving" of oil prices in 2014's last four months...............................................Full Article: Source
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