Saudi's per this article Green Ink: Oil Caught Between Ike and OPEC increased production, combined with lowering of demand caused the prices to fall. No mention of speculators.
It's interesting who wants to keep oil prices high, and how the Saudi's are saying the price to extract oil tars is the new bottom for oil pricing - $65 per barrel.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment