quote:
Saudi has more reasons than the US Shale plays.

ISIS was also hurting Saudi. Saudi has effectively cut ISIS's ability to produce/refine their black market oil.

LINK

quote:
Also, I didn't say it was THE reason but a reason. There are many.

LINK

quote:
You can believe what you want, but this was very calculated.

Saudi isn't and will not let and OPEC country be controlled by terrorist. In one move they cut their feet from under them.

LINK

There you go pal.

quote:
At no point did I say ISIS affected oil prices.

If you suggest that a reason SA cut prices was because of ISIS then you are implying ISIS affects prices.

This post was edited on 12/15/14 at 10:16 am

1 ...

Report Post

Posted by JayDeerTay84

Texas

Member since May 2013

9847 posts

Posted on 12/15/14 at 10:28 am to cwill

You falsely assume. Nothing you quoted said anything about ISIS affecting pricing.

Yes, ISIS is a problem for OPEC countries. Its a fact.

It would be like if Mexico took over some Texas refineries and oil fields. It wouldn't hurt our overall production in the states, but eventually, we would have to deal with it by force or price. YES, the price of Oil is a weapon.

If you don't think that when Saudi decides to NOT curb production that they dont look at ALL the effects in ALL the OPEC countries, then you need to check your head. Of course they knew/know what would happen. This move is VERY calculated.

Stop spinning. No, its not very calculated because of ISIS.

Anyway, go online and read. The US has been involved with Saudi and their are many layers to this.

This post was edited on 12/15/14 at 10:34 am

1 ...

Report Post

Money Talk - Replies to Post

Return To Board

Page 1

Return To Board