Funny how they weren't complaining when oil was $148 a barrel.
Saudi king says oil should be $75 per barrel
"The price between 70 to 80 (dollars a barrel) is the one encouraging in investment and developing new or current oil fields," he said. "It falls below 70 (dollars), the investment would freeze, which will lead to a crisis in supply in the future.".............How about all that money they made from us, I'm sure those profits could be used for their investments.
"The recent price drop has left OPEC price hawks Venezuela and Iran clamoring for further reductions of at least 1 million barrels a day. Both countries need crude at about $90 per barrel to meet spending needs aimed in part at propping up domestically unpopular regimes."..............I say screw'em, a greater incentive for the US to start using alternative energy.
Saudi king says oil should be $75 per barrel
"The price between 70 to 80 (dollars a barrel) is the one encouraging in investment and developing new or current oil fields," he said. "It falls below 70 (dollars), the investment would freeze, which will lead to a crisis in supply in the future.".............How about all that money they made from us, I'm sure those profits could be used for their investments.
"The recent price drop has left OPEC price hawks Venezuela and Iran clamoring for further reductions of at least 1 million barrels a day. Both countries need crude at about $90 per barrel to meet spending needs aimed in part at propping up domestically unpopular regimes."..............I say screw'em, a greater incentive for the US to start using alternative energy.
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