Oil Collapse Points to Crisis
The collapse of oil prices might well trigger the next major crisis around the planet, according to economic forecaster and author Harry Dent. “Most economists say that falling oil prices is good for the consumer. Of course it is. We save maybe $2 a day in lower oil prices,” Dent says. “But it’s going to burst one of the biggest bubbles we’ve had recently, the fracking bubble. We were told we’re going to be energy independent, we’ve got this great fracking revolution. It’s just a bubble industry.” Tune in to this edition of The Alex Jones Channel as Jones queries Dent about the impending economic doom.
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