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Re: GoldRus post# 1820

Tuesday, 12/16/2014 3:56:49 PM

Tuesday, December 16, 2014 3:56:49 PM

Post# of 2595
There will be a problem in that for Opec. The lowest cost producers which are Monarchy style governments have a dependency on Oil at a rate of about $87.00 a barrel. They need this to keep their subjects happy and not lose their hold on power. Opec can take prices down and hold them down for a short time but not indefinitely. Some of the other Opec countries are alread headed for serious economic troubles.
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