So what are we saying?
Saudi Arabia says no cuts.....
Iran wont cut output, they need their markets back after the sanctions....
Saudi Arabia is really targeting Iran not the Shale guys in the USA ....a weak oil price hurts Iran by denying it funds to modernize its oil sector which are outdated. .
This is a fight between the Arabs and the Persians. ...we are just an extra in the movie
So lets come back home and plan around oil at $20..
From 1960 to 1973 oil was less than $3...THREE DOLLARS....our economy grew...we subsidized education and health, we sent our army on peacekeeping, we built bridges and a refinary....
Time to forget oil....
http://news.sky.com/story/1647588/oil-prices-fall-after-saudi-output-pledge
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