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Saudi King Abdullah dies, new ruler is Salman
Reuters ^ | Thu Jan 22, 2015 6:53pm EST | Angus McDowall

Posted on 01/22/2015 4:45:32 PM PST by fella

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Will this effect the price of oil?
1 posted on 01/22/2015 4:45:32 PM PST by fella
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Comment #2 Removed by Moderator

To: fella

>> Will this effect the price of oil?

Yeah, once they bury the greasy goathumper, Saudi underground reserves will double, driving down the price.


3 posted on 01/22/2015 4:47:48 PM PST by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: fella

http://www.barchart.com/commodityfutures/Crude_Oil_WTI_Futures/CL


4 posted on 01/22/2015 4:48:13 PM PST by ButThreeLeftsDo (Plea$e $upport Free Republic!)
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To: fella

Think how many people he has killed thru his support of terrorism. The misery this man has caused.
You will have all the politicians he bought showing up for the funeral.


5 posted on 01/22/2015 4:48:23 PM PST by minnesota_bound
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To: fella

Salman is what 88 ?


7 posted on 01/22/2015 4:50:42 PM PST by molson209 (Blank)
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To: fella

Yes, expect gas to be back over $4 a gallon by the end of the year.


8 posted on 01/22/2015 4:51:55 PM PST by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: fella

I used to know a girl, a really pretty one, whose last name was Salmon. She said it was Scottish and she looked the part, blonde, blue eyed.

They have some really odd names.


9 posted on 01/22/2015 4:54:58 PM PST by yarddog (Romans 8:38-39, For I am persuaded.)
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To: Nervous Tick

Hysterical!


10 posted on 01/22/2015 4:57:48 PM PST by mindburglar (When Superman and Batman fight, the only winner is crime.)
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Comment #11 Removed by Moderator

To: MaxMax

6 months to 2 years. That’s what I’ve been reading by the industry analysts. The Saudis think that they have a good handle on the finances used by the US exploration companies, which is essentially junk bond rates that they are paying to service their debt. They figure if they hold the price below $50 bbl then those companies will begin going bankrupt in about 6 months when their cash reserves are sucked dry. When enough of them go under, the Saudis will jack the price on us — but probably not until after the Republicans jack our federal gas tax on us.


12 posted on 01/22/2015 5:01:04 PM PST by Tallguy
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To: F15Eagle

Yeah, I guess the Icelanders are the worst, probably followed by the Finns.


13 posted on 01/22/2015 5:08:45 PM PST by yarddog (Romans 8:38-39, For I am persuaded.)
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To: Tallguy
Three birds, Russia/Iran/USA. They could hold out for years, to bad we have
a stupid Government who will not resolve this by doubling down on "our" Oil.

We should be buying them out and filling up our salt mines at these prices.

14 posted on 01/22/2015 5:09:03 PM PST by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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Comment #15 Removed by Moderator

To: F15Eagle
I thought the name sounded familiar. He flew aboard the space shuttle discovery in June of 1985. This would make him the only head of state to have traveled in space.

16 posted on 01/22/2015 5:10:45 PM PST by jmcenanly ("The more corrupt the state, the more laws." Tacitus, Publius Cornelius)
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Comment #17 Removed by Moderator

To: Tallguy

Good analysis.


18 posted on 01/22/2015 5:12:47 PM PST by SharpRightTurn (White, black, and red all over--America's affirmative action, metrosexual president.)
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To: Tallguy

...6 months to 2 years. ...

That is only if you look at this as strictly a play at harming US fracking.
The Saudi’s have a much bigger board to play on, and that is globally.

Lower oil pries squeeze the lower players in OPEC, there by default, allowing Saudi Arabia to enhance their power within OPEC.
Also forcing the price of oil lower cripples two of Saudi Arabia’s enemies Iran and her ally Russia.
Saudi Arabia is playing both a economic and political hand and taking a long term out look to this move. This could go on for a while.


19 posted on 01/22/2015 5:15:33 PM PST by WILLIALAL
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To: Tallguy

our side are just asses expecting us to just love them and be so dumb - why on earth do we not expect prices to go back up, and gas prices’always go up very quickly when they go up.

to think b/c prices are down it’s a great time to raise taxes is insanely communistic.

it’s over. republicans no longer represent us. they represent big govt, wasting hundreds of billions of dollars a year, redistributing hundreds of billions of dollars a year, never advocating fundamental change, scared to really’fight for anything except taking down conservatives who their biggest complaint is they won’t compromise their beliefs and cave to the repubtard kabuki rinos/gop-ers.

we’re done. franklin’s been proven correct. the govt is corrupt and there is only one real way to get it back.


20 posted on 01/22/2015 5:16:45 PM PST by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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