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re: US running out of room to store oil; price collapse next?
Posted on 3/4/15 at 6:45 am to The First Cut
Posted on 3/4/15 at 6:45 am to The First Cut
Saudis haven't increased production, they just haven't decreased like they did in 09 to get prices back up
1
Posted on 3/4/15 at 7:41 am to yellowfin
quote:
Saudis haven't increased production
I didn't say they did. They have not reduced production to keep supplies short as US production has sharply risen. A cartel's objective is to keep prices inflated. Saudi has broken ranks with the other nations and have not reduced supply to keep pressure on pricing.
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