Yes but the good thing is because oil will always be in demand and the banking system has falls and gains about every 10 years or so. I believe the GCC countries can hard ride this one out with a bit of perseverance and common sense.
Now the US on other hand is going to be screwed unless they help out the car and other major export industries. And soon!
The downfall can be felt over the rest of the world and other companies will fall but politically backed industries will take the lead once the smoke clears out.
Yes but the good thing is because oil will always be in demand and the banking system has falls and gains about every 10 years or so. I believe the GCC countries can hard ride this one out with a bit of perseverance and common sense.
Now the US on other hand is going to be screwed unless they help out the car and other major export industries. And soon!
The downfall can be felt over the rest of the world and other companies will fall but politically backed industries will take the lead once the smoke clears out.