escobar's take on Saudi 'adventure' capital

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dan_s
Posts: 37318
Joined: Fri Apr 23, 2010 8:22 am

Re: escobar's take on Saudi 'adventure' capital

Post by dan_s »

I'm sure Saudi Arabia doesn't mind the fact that low oil price are hurting Russia, but it is sure costing them a lot cash. My take is that they've now taken it this far and they want to make sure non-OPEC production is on steep decline before they take their foot off the gas petal. A few more months should do that.

I would rate Iran as their #1 enemy.
Dan Steffens
Energy Prospectus Group
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