Today is Thursday, May 7, 2020. It has been 120 days—4 months—since the start of the current grace period given by God and offered by the Iranian regime.
Funny, as recently as February of this year, the global oil price was a “normal” $50 to $60 per barrel. Then, with the lack of demand from Covd-19 shutdowns exacerbating the over-supply of Saudi Arabia and its oil price war, the price plunged to between $0 and $15 per barrel.
Some might say what harm could Iran and the Second Signpost do to us now?
The answer is that almost all nations, including the USA, cannot produce oil with any profit at prices that low. Only the Saudis can. The result in many places including here in America will be loss of production, and bankruptcies.
This article from Oilprice.com spells out the dire situation right now and what will be happening in the near term regarding America’s oil industry.
The article is well written and covers most angles to the current situation.
Basically, America is more vulnerable to the Second Signpost then it ever was before. God knows what He is doing.