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re: Oil Wars: Why OPEC Will Win

Posted on 12/15/14 at 10:34 am to
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 12/15/14 at 10:34 am to
quote:

They have several years of forex reserves all over the world for just this type of scenario. For anyone to try and make it sound better for the US situation by trying to make it sound worse for Saudi is disingenuous and very misleading.


They do not have several years of budget money for a price war.
Posted by htownjeep
Republic of Texas
Member since Jun 2005
7615 posts
Posted on 12/15/14 at 10:41 am to
quote:

They do not have several years of budget money for a price war.

They don't? Please tell me how you know this.
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