[kingu]

I'd say that the Saudi's would very much like to see the price of oil drop to about half it's current level (alright, around the $40 mark.) That's not bull, that's sensible. Especially since the high oil is funneling money into nations that the Saudi's don't want to see get richer.

[NorCalRepub]

I agree......plus the higher the oil prices, more more demand for alternative fuel....something the Saudis would not want at any cost

[Philistone]

Exactly. High prices are fueling Persian Iran, instability in Nigeria, the arms build-up of Chavez in Venezuela, etc. It also pushes the West to develop alternatives.

The Saudis understand that the only thing they have is oil, and the faster the world turns to alternatives, the faster they return to riding camels...

[isthisnickcool]

I'd say that the Saudi's would very much like to see the price of oil drop to about half it's current level (alright, around the $40 mark.) That's not bull, that's sensible. Especially since the high oil is funneling money into nations that the Saudi's don't want to see get richer.

I never have and never will believe anything that comes out of this guys mouth.

[stocksthatgoup]

When Shiek Yamani of SA in November 81 predicted lower prices.....at the time 38 dollars on thier way to 42.....it marked a change in direction.......
--The Saudis still carry the biggest oil stick in the world. Look for oil prices to begin falling in about 4-5 months. Big Time!