Great Gasoline: Oils price decline is due to relentless increases - TopicsExpress

Great Gasoline: Oils price decline is due to relentless increases in supply and slightly declining demand due to weakening global growth. Its also because Saudi Arabia hasnt cut production. Thats because the Saudis are squeezing their enemies, Iran, Iraq and Russia which all heavily depend on oil revenues. Theyre also hoping to reduce US output. The big question, at what price will frackers slow production? My guess, at $70/bbl. Oils now $80/bbl. © 2014, Graphs & Laughs bit.ly/GraphsandLaughs To post daily MMG content to your own social media profiles, access the Social Media Sharing section, under the Market Action tab.

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