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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.

COP
73.21+1.08(+1.50%)Nov 20 4:03 PMEST

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