Oil

The price of oil is likely to continue going down at least for the time being. However, it also could go up without warning too.

But, the stock market does not like uncertainties beyond a certain point. So, the stock market might be strange as oil drops further and further the way hedge funds are predicting (to zero).

In the end who knows what will drive the price?

However, we know one thing for sure:

Middle Eastern Sunni and Shia governments don't want ISIL to over throw their governments. Lower oil prices is one way to prevent ISIL supporters to have the money to donate to ISIL. It is also a way to prevent Sunni and Shia governments from collapsing from ISIL. However, I'm not sure how this will work in Iran which is the primary Shia government in the Middle East and I'm not sure what this is going to do long term to Russia either when combined with other economic sanctions from the U.S. and Europe and many other countries around the world.

However, what this actually will do to both the middle east and the world is a complete unknown for the present either in the short run or the long run.

The biggest danger I see is oil going to zero within a year or two and then rising up to 20 or 30 dollars a gallon for some reason. This could easily set off a worldwide great depression when the price rises too high all of a sudden for whatever the reason worldwide all at once.

You might say to me, "What could cause this?"

That is actually easy. ISIL could cause this. Putin could cause this. Ebola could cause this. Other as of yet unknown factors like Global Climate change could cause this or even other things no one has thought of yet.