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re: Saudi posts record $98 bn deficit in 2015
Posted on 12/28/15 at 3:01 pm to colorchangintiger
Posted on 12/28/15 at 3:01 pm to colorchangintiger
Oil is down becaus of Saudis, oil is down because the US has flooded the market. Saudi has produced roughly the same amount over the last decade. The US has has sky rocketed production and hasn't stopped hardly any.
2
Posted on 12/28/15 at 3:05 pm to barry
How can the US "flood the market" when only last week Congress voted to lift the ban on exports?
Global use is down. Global production hasn't matched the use trend. End of discussion.
Global use is down. Global production hasn't matched the use trend. End of discussion.
Posted on 12/28/15 at 5:12 pm to barry
quote:
oil is down because the US has flooded the market. Saudi has produced roughly the same amount over the last decade. The US has has sky rocketed production and hasn't stopped hardly any.
Remember when Hilary and the rest of the leftists said "you can't drill your way out of this shortage"? Guess what...we did.
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