Then you were still incorrect. The price of oil (WIT @ Cushing) was $30 or below for 70% of 2000 through 2003.
The point is the Saudis are fully capable of dropping $30, $25, $20 oil into Houston. And they can do it for a decade no sweat.
We disagree, as do every report I've found. Do have anything to support a $20 for decade claim?
Now maybe some are beginning to see why we need a floor at $35 to allow for our domestic producers to go up against the Saudis and survive.
Nope. Made up claims do not support a bad idea.
Look at the chart you pulled off the internet for 30 or 20 dollar oil in the 1990s. It’s all there.
And look at the link in post 23 for your answer. Does that disagree with “every report you’ve found”?
> “We disagree, as do every report I’ve found.”
You don’t know much do you? You only know what internet reports feed you. I’ll bet you believe CNBC and CNN Money too.
Here’s the post 23 link:
Read it and tell us how it plays with the garbage you pull off the internet.
Oh and BTW, that report Alwaleed in the link above, it was in numerous news outlets and on Euro Television. He got angry and made a mistake by showing his emotion and his real thinking. That can be fatal in the world of high stakes trade.
Now read the above link and tell your thoughts here.