[ExI] A paranormal prediction for the next year
johnkclark at gmail.com
Wed Jan 14 17:34:53 UTC 2015
On Wed, Jan 14, 2015 at 12:04 PM, Dave Sill <sparge at gmail.com> wrote:
>> >> The only way the Saudis could drop oil prices is to increase
> > Why couldn't they (Saudis or OPEC) just sell their oil for a (slightly)
> lower price?
Because then all other oil producers would have to lower their price too to
keep up, and then with the price of oil down the demand would go up, but if
the Saudis or somebody else didn't increase production to meet the
increased demand the price of oil would go back up again even if the Saudis
kept their price low because they just aren't pumping enough oil to meet
demand. But in recent days there was a country that did increase production
enough to meet demand and it wasn't Saudi Arabia, it was the USA.
John K Clark
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