Posted on 12/03/2015 2:38:50 PM PST by Berlin_Freeper
As the world's oil producers gather in Vienna, they are all hurting due to prices that crashed a year ago and are hovering at a little over $40 a barrel. One country, Saudi Arabia, could probably drive up prices if it wanted to cut its production.
But the Saudis appear willing to endure the pain rather than make a move that would help rivals like Iran and Russia.
(Excerpt) Read more at npr.org ...
Wish there was some way to stock up.
Buy futures
Yes, buy futures. No need to take possession, just sell later, and deposit your profits in your checking account, to go towards your oil/gas bills.
OTOH, be cautious, with Isis selling oil via Turkey for $20 a barrel.
ISIS output is a nit.
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