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Elevator Gossip
Posted 3/27/2015 15:07 (#4480590 - in reply to #4480536)
Subject: RE: oil


Tit leads to tat and if Saudi Arabia fails to back off we will have tat PDQ. It's possible cooler heads prevail and oil sinks to $30 as predicted by all those who believe Saudi Arabia is single handedly capable of controlling the price of oil. Well, maybe if they don't have anything else that is on their plate but this looks to be putting a crimp on their budget and their strategic resources guarding access to the oil infrastructure. Both are reason enough to stop messing around with manipulation of the price of oil.


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