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re: OT loungers: Is the AMERICAN economy back?
Posted on 1/27/15 at 4:22 pm to fightin tigers
Posted on 1/27/15 at 4:22 pm to fightin tigers
Nah.
They typically increase and decrease production throughout the year to control their market share.
Saudi was getting scared of losing market share with all of the new production occurring worldwide so they are keeping the production up to crush the newcomers. Once they feel the goal has been accomplished, prices will creep back up and fuel prices will race back to previous levels.
Companies will think twice going forward to locate and produce higher cost wells, knowing that it only takes OPEC a few months to potentially bankrupt them.
They typically increase and decrease production throughout the year to control their market share.
Saudi was getting scared of losing market share with all of the new production occurring worldwide so they are keeping the production up to crush the newcomers. Once they feel the goal has been accomplished, prices will creep back up and fuel prices will race back to previous levels.
Companies will think twice going forward to locate and produce higher cost wells, knowing that it only takes OPEC a few months to potentially bankrupt them.
This post was edited on 1/27/15 at 4:24 pm
1
Posted on 1/27/15 at 4:52 pm to LSUAlum2001
quote:
Companies will think twice going forward to locate and produce higher cost wells, knowing that it only takes OPEC a few months to potentially bankrupt them.
Assuming Saudi backs down. Not like the demand for oil is getting less and from what I have read they are at near max production.
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