. . . decide oil & gas is not a smart “investment” for the future,
. . .more, and more money, will pull out of the industry.
. .. People, institutions, and companies making early exits will be fine,
. . . but the ones who wait a bit too long,
. . . to understand where things are headed.
. . . will suffer from the popping oil bubble.
Countries like:
. . . . . . Saudi Arabia,
. . . . . . Russia, and
. . . . . . Qatar will face a dramatic drop in GDP,
. . . which means a dramatic drop in cash,
. . . for its citizens, and for basic services.
That leads to:
. . . . . . migration,
. . . . . . internal unrest, and
. . . . . . probably not too infrequently, civil war, and war with neighbors.
To be poor is enough of a challenge itself,
. . . but to fall from great wealth to poverty.
. . . is a whole other animal.
6-18-2017 Source: #Oil companies will collapse