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re: Saudis manipulating oil lower - ok with $80/barrel for next 2 years
Posted on 10/13/14 at 12:54 pm to BobBoucher
Posted on 10/13/14 at 12:54 pm to BobBoucher
That article is just intimating that they are with the evidence being that they've said they're comfortable with $80 prices. I just don't believe they are because I don't believe at this time they're capable of putting that much downward pressure on oil prices. I think this price decline is due to worldwide excess supply caused more by falling demand due to stagnating economies.
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