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 OIL GAMBLE!!!!!!Saudi and the destablization ?

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GypZ
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PostSubject: OIL GAMBLE!!!!!!Saudi and the destablization ?   Fri May 27, 2016 9:03 am

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PostSubject: Re: OIL GAMBLE!!!!!!Saudi and the destablization ?   Fri May 27, 2016 11:05 am

As the worlds largest producer of oil I have no doubt they can control prices. I have a strong suspicion that they deliberately caused prices to drop in order to reign in the growth of oil production in the US. It costs them about $10/BBL while it costs the US about $35/BBL so they can do just fine at current prices, while the US producers need about $50/BBL to make a reasonable profit.

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