- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 8:48 am to offshoretrash
Posted on 12/15/14 at 8:48 am to offshoretrash
quote:
I don't really understand what they hope to gain here
Market Share. Making their money in volume rather than the spread.
2
Posted on 12/15/14 at 8:56 am to I Love Bama
Dude im sorry you dont know what you are talking about. I dont care what some obscure article said. The costs fir the Saudis to find, develop and produce their oil is way cheaper than it is for all the plays in the US and 95% of those around the world. They know this, we know this and its the # 1 reason they arent cutting production right now. They want to drive prices down to squeeze out all the small players in higher cost environments. They want market share by reducing the competition. They might WANT oil at $60 a barrel but they sure as hell dont need it there.
Posted on 12/15/14 at 9:03 am to I Love Bama
quote:
Market Share. Making their money in volume rather than the spread.
I understand that, but why not just throttle production back enough to keep the prices high. Their main goal is to hurt the US producer but I don't see it working. I think it will backfire on them.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News