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Decreasing Support for Oil

No.1455850 View ViewReplyOriginalReport
With JP Morgan and BlackRock, among others, backing out of oil, what does it mean for the future of transportation in America?

Oil price has been steadily dropping because of reduced demand. Even Jim Cramer, a longtime supporter of oil and natural gas, has told his audiences to pull out because “it feels like an ice cube that’s melting”.

Do you think the oil companies will have less political clout with less financial backing or will they still be buying politicians?