the saudis are trashing the price of oil to derail the move to nat gas? just a thought since there has been some news of late about conversions of cars and trucks to nat gas....john In the past when oil drops the saudis would cut back production,,,,not this time,,,,j
The last thing the Saudi's want is for the US to develop and use North American natural gas - or coal for that matter. Mr sun and wind in the white house is doing everything he can to help the Saudi's keep our dependence on them.
While this latest volume move by SA may be to put Iran down, I agree they are thinking a lot about it.
Saudis are putting the squeeze on Iran as their cost of oil is around $140.00 a barrel because of sanctions. They still owe us big time and are paying off now. Not to worry they will get it all back later and we will pay.
where in the world do you come up with those ridiculous numbers of cost at $140 per barrel?? That is so ridiculous I would normally call you stupid, but instead ask for something to prove the statement or don't post that crap again. Their costs are less than ours to produce a barrel and sanctions don't affect costs of production they affect revenue.