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ConocoPhillips Message Board

carolinabob88 1 post  |  Last Activity: Nov 5, 2014 11:42 AM Member since: Nov 1, 2009
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  • carolinabob88 by carolinabob88 Nov 5, 2014 11:42 AM Flag

    Saudi have the primary control over oil prices. Pushing the oil prices lower is a useful weapon against Iran since Iran needs much higher oil prices to support their economy and big military plans. The Saudi want to be the dominate power in that area. A side benefit for the Saudi is fighting for market share to stifle some of the shale drilling. Low oil prices are also tearing up high price producers like Venezuela.

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