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This is embarrassing. You spent how many hours to find a single thread you could necro that was before hydraulic fracturing came out as a force?
You really are desperate. Yeah, sure I was wrong on that. Does it bother you that you had to spend hours to find a single post I was wrong on?
Seriously, that was more than 3 years ago.
For your learning pleasure. Fours years later we see prices dropping and Saudi's thinking it will go to the 80's (perhaps lower :shock. Why would that be? Couldn't have to do with our production? LOL... of course not.
Not.
...Saudi officials have given a different message in meetings with investors and analysts: the kingdom, OPEC’s largest producer, will accept oil prices below $90 per barrel, and perhaps down to $80,...
DON'T BE SURPRISED BELOW $90
Global benchmark Brent crude oil futures have fallen steadily for almost four months, dropping 23 percent from a June high of over $115 a barrel as fears of a Mideast supply disruption ebbed, U.S. shale production boomed and demand from Europe and China showed signs of flagging. [O/R]
Brent fell below $88 a barrel on Monday, hitting its lowest in almost four years, after news of the Saudi and Kuwaiti statements.
Exclusive: Privately, Saudis tell oil market- get used to lower prices