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| Re: Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down (1246411) | |||
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Re: Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down |
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Posted by AlM on Thu Dec 11 03:21:05 2014, in response to Re: Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down, posted by SLRT on Wed Dec 10 18:51:40 2014. The Saudis could keep the price down long enough to put every small and mid-sized US oil company into bankruptcy. The US would happily buy cheap Saudi or equivalent oil while this is happening. Then the minute the Saudis raise the prices, big US oil companies whose income isn't all dependent on US oil production immediately reopen the North Dakota oil fields that they bought at the bankrupcty sales. The same happens in Canada. |
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