Thursday, October 16, 2014 11:06:44 AM
down to $30-$60 due to innovation, concentration and technology advancements in fracking.
No wonder Saudies are spooked.
One incident and shorts get creamed.
high cost producers are coming off the supply channel now.
Saudies will shake a few high cost producers off then cut and suprise
the market..// My guess let's see how this chess match plays out.
There's always an agenda and they can't live on $60 oil while their assets are depleting
in fact they are building solar as there domestic consumption is leaping and they need to
sell oil not consume it.
We shall see
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