Oil Fueling a Financial Collapse?

December 8th, 2015 09:19 AM

If you have been watching oil lately, the price continues to go down and it is now approaching dangerous levels.

The price oil WTI Texas Oil and Brent Crude are struggling to stay above $40 per barrel. Monday, oil saw about a 5% drop in prices mainly due to the OPEC meeting last week. OPEC will continue its production at current output levels and over supply of oil will likely stay the same or grow. Many major oil producing economies like Russia, are already in a recession due to huge losses in the energy sector.

We found a really great article explaining the dangers if oil prices continue to fall. One thing we must remember is that the last time oil was this low was in 2008 and 2009 and we all know what happened back them.

Click Here To Read Entire Article!

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*Disclaimer* - *Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus. By responding you may be contacted by an insurance agent. Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries. This website and its contents, downloads, videos and audio files are designed to provide general information on the subjects covered and is provided to you for informational purposes only. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Ron Caskey does not give legal or tax advice. Please consult your tax advisor or attorney. Ron Caskey is a registered and licensed insurance agent resident in the state of Colorado, non resident in multiple other states. This website focuses on insurance products in an attempt to avoid volatility. The term "Safe Money" should not be understood as signifying a guarantee or a guaranteed investment.*
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