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re: Saudis manipulating oil lower - ok with $80/barrel for next 2 years

Posted on 10/13/14 at 3:49 pm to
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
4991 posts
Posted on 10/13/14 at 3:49 pm to
Didn't the Saudis announce(within the last 3-4 years) a new huge field was discovered and would be on-line soon? It was supposed to be close to the size of Ghawar.

I can't remember the field and I will try to find a link for it.

Also, could a future 'oil bust' be in store for us in the near future, like the 1980s?
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