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To: bananaman22

Are they going to force Arabia to cut production? That doesn’t seem likely.


4 posted on 08/20/2015 5:16:40 PM PDT by arthurus (It's true.)
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To: arthurus

My guess too. It won’t be likely.
Saudi aren’t financially hard-pressed. They actually started to factor in they couldn’t rely on oil prices as a main source of revenue, several years ago, looking for alternatives.
BTW, a main contributor to the fall of USSR was SA; they at the time increased production as to saturate the market which led to a significant drop in crude prices.


8 posted on 08/20/2015 9:04:58 PM PDT by odds
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