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Reuter's Price Rout Bites
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02-22-2016, 02:08 PM
He never has to herd the cats again. He knows that. Saudi is the lowest cost producer so they get to have whatever market share they want. The US is the swing producer and it sets the price with a supply demand curve. Saudi get's their money by increasing market share and tough do do for everyone else. Oil will go to 60 plus or minus a bunch. That will be fine with the Saudis because of their new market share.
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| Messages In This Thread |
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Reuter's Price Rout Bites - by jft310 - 02-21-2016, 11:11 PM
RE: Reuter's Price Rout Bites - by ArtM72 - 02-22-2016, 11:34 AM
RE: Reuter's Price Rout Bites - by jft310 - 02-22-2016, 11:50 AM
RE: Reuter's Price Rout Bites - by Putncalls - 02-22-2016, 02:08 PM
RE: Reuter's Price Rout Bites - by jft310 - 02-22-2016, 10:32 PM
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