Posted on 01/04/2015 6:09:26 AM PST by thackney
I think this is being done to improve the Democrats election chances in November 2016.
This will cause the economy to improve and the dems will take credit, once the election is over the price will increase.
You think Europe and Asia slowed down their economy to help the Democrats in the US? Or the US private oil companies produced more oil to help the Democrats? Or both?
No, I think the Sauds heave kept production high to drive down the price, and my suggestion is just one of several reasons for this.
Saudi Arabia is producing less oil than last year at this time of the year.
We do have what I think of as a thin ice economy, you can be skating along doing your job then the bottom drops out.
I think the Sauds heave kept production high to drive down the price
.............
I agree.
Also, socialists know what capitalists will do when the steal money from them, they just create more capital.
Saudi Arabia oil production is down from last year.
In thousand barrels per day:
Sep 13
10,037
Oct 13
9,714
Nov 13
9,626
Sep 14
9,673
Oct 14
9,650
Nov 14
9,590
Can you explain what that means? Particularly in relation to the topic?
This is because global demand is weakening. It hurts the Russians, Venuezala, and Iran. The Saudis can get along just fine.
This is the return of the oil patch horror we saw in South Texas in the 1982 crash.
It was so bad that I almost lost my business. I had to lay off my employees and I was down to only 3 (me, myself, and I) but I survived and never forgot the lesson taught.
The real lesson learned is that the oil business goes in pretty predictable cycles on a 5 to 10 year basis. That is boom and bust. It can be relied upon to occur around these cycles until the end of time.
It’s a complex system, anyone who thinks they can manipulate it, may want to study up on the ‘butterfly effect’.
***That is boom and bust. It can be relied upon to occur around these cycles until the end of time.***
How true! I remember the boom in NW New Mexico back in 1955. Two years later came the bust. Then the boom in SE New Mexico.
Then the boom again in NW NM in the 1970s, then the big bust of 1984 when whole caravans of people were leaving NW NM area to find jobs.
Riiiiight. A massive conspiracy among the Saudis, Russians, Venezuala, oil companies, and who knows else. I’ll bet Hillary’s behind it. Don’t you think?
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