Quote:
Originally Posted by DieselAddict
How would cheap oil collapse the US economy? I think it would help if nothing else, though it would kill all prospects for alternative energy.
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Watch the video and you'll get all the details. It's a 75 minute video but it's pretty interesting. I don't know if I believe everything that Mr. Lindsey states, but it does seem plausible.
According to the video, our economy would collapse in part due to the Iranian oil being sold in Euros instead of US dollars and an old agreement the US has with oil selling nations.