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joshcryer

(62,536 posts)

20. Great article, the Saudi's are the reason for oil prices.

Fri Oct 9, 2015, 11:50 PM

Oct 2015

They're the sole reason for low oil prices as it stands now. They are rightly afraid of the impact unconventional oils were having in the US. With the US actually projected to be the worlds highest oil producer until the Saudi's opened the floodgates. They do not want things like shale to become economical, they do not want the in situ wells drilled, they do not want the technology developed. They do not want electric cars, they do not want all the things that become more and more economical as oil prices go up.

They're of course taking the wrong tack because flooding the world markets with oil isn't going to help them in the long run.

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Highlight:

Russia to Bomb in Iraq, create Baghdad Command Center for Syria, Iraq and Iran efforts against ISIS [View all] GreatGazoo Oct 2015 OP

Finally, something is being done to contain the Saudis. leveymg Oct 2015 #1

Yep, GummyBearz Oct 2015 #3

Tectonic plates are moving, and the US seems helpless. Comrade Grumpy Oct 2015 #4

Yep sub.theory Oct 2015 #6

We and our allies have basically been using ISIS as a controlled fire killbotfactory Oct 2015 #2

Isn't the guy we helped put into office in Iraq flamingdem Oct 2015 #9

I think we should just turn the whole mess over to Russia, Blue_In_AK Oct 2015 #5

Tell that to the Saban Center and Kingdom Holdings. leveymg Oct 2015 #7

Well, yes. Blue_In_AK Oct 2015 #11

And Israel. But, there's rhe rub. Hard to say no to both leveymg Oct 2015 #15

Good, let Russia have the quagmire. joshcryer Oct 2015 #8

But if it does flamingdem Oct 2015 #10

Isn't that what WE were supposed to get out of all this? Blue_In_AK Oct 2015 #12

Exactly, but Putin is a badger flamingdem Oct 2015 #13

Oil isn't the gold it once was davidn3600 Oct 2015 #16

Thankfully so flamingdem Oct 2015 #18

Yes, the Saudis AND Russia need high oil prices, shale fracking threatens that GreatGazoo Oct 2015 #19

Great article, the Saudi's are the reason for oil prices. joshcryer Oct 2015 #20

If they obliterate ISIS, we all win sub.theory Oct 2015 #14

Sure, but it won't. joshcryer Oct 2015 #17