Replies to post #154 on Don't Bite The Hand That Feeds You

[TheInvisibleHand ™]

True, but they also have a interest in preserving their future markets. Oil gets to the high, the law of innovation kicks in along with the law of demand.

Behavior changes, kick in that will lower the demand and thus lower the price or (even worse from the saudi's perspective) destroy the market for the product entirely.

[sidesh0wb0b]

weeeeeeeeeeeeeee Dubai is building a bunch of those RCH architectural sites that are having us bank right now :)

[TheInvisibleHand ™]

IEA cuts world oil demand forecast

http://news.yahoo.com/s/nm/20080610/bs_nm/oil_iea_dc_1