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Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down

Posted by SLRT on Wed Dec 10 12:19:33 2014

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Number 4: Strain the finances of their enemy Iran;
Number 3: Strain the finances of their enemy ISIS;
Number 2: Strain the finances of their enemy Russia;
NUMBER 1: MAKE U.S. AND CANADA OIL EXTRACTION TECHNIQUES UNECONOMICAL!*

When the investment in North American extraction declines sufficiently, the Saudis will still have plenty of light sweet crude to lift, but the American ventures may not readily recover.

Oh, I almost forgot:

NOT EVEN ON THE SAUDI RADAR: Helping Western Consumers and Economies.

*If you think this is unlikely, did you live through the Jimmy Carter era? Saudi's dropping oils prices nipped alternative oil extraction in the bud.

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