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Crude pancaking again this morning.
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Russet
Posted 11/4/2014 13:28 (#4160252 - in reply to #4160054)
Subject: RE: Faber on the price of oil


East Idaho
OldMcdonald - 11/4/2014 08:30

It's a dictatorship... what are they really gonna do about it?


Ever heard of the Arab spring uprising? Dictators in Libya, Syria, and Egypt could explain what happens when the people get restless. The only way Saudi, U.A.E, Kuwait, and other Arab countries avoided the same is by promising a higher standard of living and more "perks" from the government. Just wait and see what happens when they try and take those away. Add a little Al Qaeda, and ISIS for fuel and it would be fireworks if oil went to$20 for any major length of time.
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