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Re: ~ Blue ~ post# 1841

Saturday, 12/10/2016 10:50:09 PM

Saturday, December 10, 2016 10:50:09 PM

Post# of 4037
As US oil production increases during the Trump administration, the price will drop a little. Putin needs the income from oil and gas sales so he can venture into the Middle East all the more. In 1985, other OPEC countries were cheating on their quota production, because they needed more cash for their own budgets. Saudi Arabia's King Fahd played hard ball and opened the oil flood gates to discipline other OPEC countries. Saudi Arabia does not want any further Russian intervention. I suppose if EXXON's Tillerson is Secretary of State that he knows the Saudi players very well. He knows Putin very well, also. This will be interesting. The USA and XOM will do very well.
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