Oil Headed To $10? If The Answer Is Yes What Will Be The Geopolitical Fall-Out?

Market Watch: Oil headed to $10? China may be in the driver’s seat

So another week begins, and many investors may be wondering how many records will be broken now — at least those that have nothing to do with Mother Nature.

That synchronized global uptrend is looking pretty intact, with almost every major world equity index at or near record highs. Asia has kept that going, and the Dow looks set for a fresh high this morning. Note that it’s been an incredible 236 days since the S&P 500 has had a decline of at least 3%.

This so-called “euphoriameter” says it all:

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WNU Editor: China is spending the money to bust their oil dependence. And if they do succeed in developing viable alternative energy sources .... the benefits will be worldwide .... but with one exception. For all the countries who have grown dependent on oil exports for revenues .... Venezuela, Iran, Saudi Arabia, Iraq, etc. .... it is going to hurt.