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To: petro45acp

I think the current crash is partly due to the Saudis flooding the market to gain market share?


6 posted on 11/13/2015 4:26:31 AM PST by sauropod (I am His and He is mine.)
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To: sauropod
I think the current crash is partly due to the Saudis flooding the market to gain market share?

From what I saw in recent figures, that isn't the case.

(And in reality, they do not possess the infrastructure to "flood" the market anyway. They can boost world production by about 1-3 percent if they went all-in, but I'd hardly call that a "flood".)

20 posted on 11/13/2015 6:04:01 AM PST by Teacher317 (We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
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