Market Plunges Over Oil, Not the Coronavirus

RUSH: The Drive-By Media wants you to think that this massive stock market plunge is because of the coronavirus. Some of it is, but the vast majority of this has nothing to do with the coronavirus, absolutely nothing to do with the coronavirus. The coronavirus is being hyped beyond what it is. Rahm Emanuel, right here we have it, “Coronavirus Could Be ‘Devastating’ for Trump Reelection Bid.”

…we’ve always had an allied relationship with Saudi Arabia. But the Russians have not, and what’s happening today with oil is that the new crown prince … what is happening with the stock market today is 85% this. It is the crown prince of Saudi Arabia declaring open warfare on Russia involving the price of oil and the flow of oil, the free flow of oil at market prices is what this is all about. And the crown prince of Saudi Arabia, he’s taking advantage of the fact that they’ve got more oil than they know what to do with.

He is lowering the price and trying to run people out of the market by making it impossible for them to stay in it. He cannot do damage to us in this regard because we don’t need their oil anymore, and that’s thanks to who? That’s thanks to American capitalism and fracking and people who stuck with that despite all of the environmentalist wackos trying to shut ’em down. Despite all of the left-wing Democrats trying to shut down pipelines and fracking, we are no longer dependent on Saudi Arabia.

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