low oil prices could damage the us economy

[kevinUsa]

1 minute ago, Thokkalee said:

If the oil prices go below a level, fracking is not profitable.. so, they will reduce production and layoff workers.. Small producers will lose in this environment.. many poor countries dependent on oil income will suffer too.. 

 

[kevinUsa]

@Thokkalee  watch the video 

And listen to the podcast

 

[aakathaai789]

5 minutes ago, ChinnaBhasha said:

Arey, mana India ki low price apudu oil store cheskodaniki inventories type lo em levanta kada. nasty fellows. 

lenatte unnnaai ainaa crude oil 1$ thaggithe mana imports bill 2900$ reduce avthadi adhi ee naayallu ela exploit cheskuntaaroo mari 

daya gala prabhuvu lu oka 25 paise thaggincharu liter petrol

[Thokkalee]

Just now, aakathaai789 said:

lenatte unnnaai ainaa crude oil 1$ thaggithe mana imports bill 2900$ reduce avthadi adhi ee naayallu ela exploit cheskuntaaroo mari 

daya gala prabhuvu lu oka 25 paise thaggincharu liter petrol

They built several storage facilities to store oil.. nearly 90 days of supply untundi... with ISRPL and refiners daggara.. anytime in case if any global issues disrupts the crude oil supply.. 

[Thokkalee]

China has bigger storage facilities.. they buy and stock up when prices go down... 

manam US lo toilet paper kontaamu.. Chinese crude oil kontaaru..