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  #41  
Old 06-07-2011, 12:58 PM
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Wet_Boots Wet_Boots is online now
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the Saudis can casually dial down their output to match what any frantic American efforts could add to the supply
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Old 06-07-2011, 01:18 PM
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In a crisis, American ingenuity always figures a way to persevere.
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Old 06-07-2011, 02:02 PM
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FIMCO-MEISTER FIMCO-MEISTER is offline
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Quote:
Originally Posted by Wet_Boots View Post
the Saudis can casually dial down their output to match what any frantic American efforts could add to the supply
The Saudis have their limits. Too many new players (russia, Brazil) and cash starved countries that will undermine the Saudis plus they have unrest problems.

look at the historical trend of oil prices. Why has oil ever come down in price? Gluts and panic among the speculators.
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