Politics Saudi and the possible Oil Price War

Discussion in 'Free Speech Alley' started by LSUpride123, Dec 15, 2014.

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  1. LSUpride123

    LSUpride123 PureBlood

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    LSUpride123, Dec 31, 2014
    #21
  2. Winston1

    Winston1 Founding Member

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    Winston1, Dec 31, 2014
    #22
  3. red55

    red55 curmudgeon Staff Member

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    Tactically brilliant . . .strategically shortsighted.
     
    red55, Dec 31, 2014
    #23
    Tiger in NC likes this.
  4. LSUpride123

    LSUpride123 PureBlood

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    Explain.
     
    LSUpride123, Jan 1, 2015
    #24
  5. red55

    red55 curmudgeon Staff Member

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    See post 6.

    It helps business' bottom line in the short term. It harms the best interests of the United States in the long term. Oil is running out. We should be buying foreign oil when prices are cheap and preserving our reserves for the day in 50 or 100 years when oil can't be bought for any price.
     
    red55, Jan 1, 2015
    #25
  6. LSUpride123

    LSUpride123 PureBlood

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    In that scenario, if we haven't figured out how to live without oil, WWIII.....
     
    LSUpride123, Jan 1, 2015
    #26
  7. locoguano

    locoguano Founding Member

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    Missing a huge factor here... demand. Demand has been down for several years in the U.S. due to higher prices. Demand is going to in China as they are on the edge of a recession and their building boom is slowing. Low price oil is less an indicator of production then it is a world economy that is built on smoke and mirrors.
     
    locoguano, Jan 10, 2015
    #27
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  8. Tiger in NC

    Tiger in NC There's a sucker born everyday...

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    wonder if anyone still thinks Putin is a stronger leader? wish we could ask Putin how strong he feels now.....that little bitch.
     
    Tiger in NC, Jan 11, 2015
    #28
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