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How much will gas cost tomorrow?
Doc
Member Posts: 13,898 ✭✭✭
With another war in the Middle East oil will soar.
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Too old to live...too young to die...
Too old to live...too young to die...
Comments
Too old to live...too young to die...
I hear SA had not tried to keep oil high but didn't know it was a plan against Iran. Not sure how much effect SA can have on prices given US production is way up recently. But any unrest and it goes up.
There are plenty of articles on the subject, that OPEC is squeezing Iran by keeping oil low. The Arab nations are all afraid of Iran and her expanding influence.
"Iran needs to sell oil at $140 per barrel. This point is surely not lost on Saudi Arabia. Keeping the price of oil at $70 per barrel will have a devastating effect on the Iranian economy and, before long, will lead to unrest and violent protest."
http://www.washingtontimes.com/news/2014/dec/15/robert-mcfarlane-saudi-arabia-lets-low-oil-prices-/
Hopefully 5 dollars a gallon!
Why?
quote:Originally posted by Dr.Nipps
Hopefully 5 dollars a gallon!
Why?
All I know is they aren't getting anywhere near my 30 gallon tank. I saved 11.10 and use 1 gallon on the way back savings of $8.78 and the satisfaction of not feeding that PIG.
The size of this Saudi operation is impressive. It had to have been in the planning stages for some time. They have ten Sunni Muslim nations, a couple hundred aircraft, naval support from Pakistan. The complexity of the strikes show they have had American intelligence provided in the planning, they simply lack the resources to have targeted so many enemy military resources so well.
Now there is talk of 150,000 Saudi ground forces, possibly with Egypt joining a ground war.
The war is against Iran. No way Saudi Arabia will tolerate an Iranian-Shia puppet government in Yemen. Not even one that is merely Iranian influenced. The Sunni-Shia schism is too great.
The low crude price I think serves two needs for Saudi Arabia. It harms Iran and it harms USA / Canadian oil producers.
I never buy Starbucks coffee. I tried some of their "dessert" iced coffees some years ago. Okay, but too expensive.
I rarely buy a donut at the Quick Trip. Less often than that water bottle.
I suppose if you have a serious Starbucks and donuts addiction, the price of gas would be a smaller concern.