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re: Saudi posts record $98 bn deficit in 2015

Posted on 12/28/15 at 3:05 pm to
Posted by bamarep
Member since Nov 2013
51818 posts
Posted on 12/28/15 at 3:05 pm to
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.
Posted by Old Hellen Yeller
New Orleans
Member since Jan 2014
9423 posts
Posted on 12/28/15 at 3:14 pm to
quote:

How can the US "flood the market" when only last week Congress voted to lift the ban on exports?


it's zero sum

every drop produced here is one less that has to be imported
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