20.05.2016 - Saudi Kills US Shale Oil Industry and Buys it for Pennies
The Saudi Kingdom saw American oil companies invest in the research and development of oil fields and fracking, and then crashed the market so they could scavenge US natural resources and technology on the cheap. In 2015, the world stared into a global economic recession, with startling downgrades for Chinese economic growth due to an explosion in their stock market, fueled by speculative excess. While the Chinese economy roiled, unrest brewed in much of the world, including in the war-torn Middle East and on European shores, upon which refugees descended en masse. Even the US economy, once stoked by a shale oil renaissance, was not spared the effects...............................................Full Article: Source
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