Did a strategic US/Saudi effort to damage the economies of Russia and Iran by manipulating the world oil market lead to the recent drop in crude oil prices? (Repost - bad link)
If I remember right, about this time last year and the year before that, gas prices took a temporary dip. Seems like just a pattern.
Saudi Arabia has always done this but the US? I don't think so.
i read an article about that. i can also throw ebola into that ring. If you remember after 9/11, gas prices dropped significantly because people were afraid to fly. now with ebola i can believe that too is a contributing factor
Absolutely. I made a poll about this same thing last week.
The drop in price is a result of Supply and Demand. The world supply is up and the world demand is down creating a surplus which brings the price down.
OPEC has long manipulated the supply by regulating production to maximize profit. Are they (and us by influence) now manipulating the supply by allowing overproduction to bring the price down to the point it hurts the economies of Russia and Iran?
In other words, in oil, demand is rarely real, and the supply side of the equation almost never is.
It's obvious but we as a nation are oblivious
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