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Re: DateCreekGeo post# 31793

Monday, 01/26/2015 11:33:57 AM

Monday, January 26, 2015 11:33:57 AM

Post# of 65833
I disagree, this over supply issue, it is felt by American Producers, is being blown out of proportion by the Media, either because the U.S. Government and the Saudi's wanted the drastic drop to ensue pressure on Russia/Iran so they can put them into submission on further aggression.

In reality, we are only talking less than 1% being produced over current consumption demands, there is no logical reason for prices to react by loosing over half of its value! Historically we have been there before and didn't see even a 10% drop in prices because of a supply imbalance.
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