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Reader Tonzal, link: 'Why Oil Is Plunging - "Secret Deal" Between The US & Saudi Arabia'
Posted By: hobie Date: Saturday, 11-Oct-2014 03:40:50
www.rumormill.news/1425
In Response To: Reader Tonzal, link: "U.S. proxy war against Russia using OIL PRICE!!!" (hobie)
(Thanks, T. :)
Reader Tonzal sends us:
=====
Why Oil Is Plunging - "Secret Deal" Between The US & Saudi Arabia
http://www.zerohedge.com/news/2014-10-10/why-oil-plunging-other-part-secret-deal-between-us-and-saudi-arabia
Excerpt: ... which however is merely using "the oil eapon" to target the old slash new Cold War foe #1: Vladimir Putin.
Saudi Arabia to pressure Russia, Iran with price of oil
Saudi Arabia will force the price of oil down, in an effort to put political pressure on Iran and Russia, according to the President of Saudi Arabia Oil Policies and Strategic Expectations Center.
Saudi Arabia plans to sell oil cheap for political reasons, one analyst says.
To pressure Iran to limit its nuclear program, and to change Russia's position on Syria, Riyadh will sell oil below the average spot price at $50 to $60 per barrel in the Asian markets and North America, says Rashid Abanmy, President of the Riyadh-based Saudi Arabia Oil Policies and Strategic Expectations Center. The marked decrease in the price of oil in the last three months, to $92 from $115 per barrel, was caused by Saudi Arabia, according to Abanmy.
With oil demand declining, the ostensible reason for the price drop is to attract new clients, Abanmy said, but the real reason is political. Saudi Arabia wants to get Iran to limit its nuclear energy expansion, and to make Russia change its position of support for the Assad Regime in Syria. Both countries depend heavily on petroleum exports for revenue, and a lower oil price means less money coming in, Abanmy pointed out. The Gulf states will be less affected by the price drop, he added. Full article:
http://www.zerohedge.com/news/2014-10-10/why-oil-plunging-other-part-secret-deal-between-us-and-saudi-arabia
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Articles In This Thread
- Reader Tonzal, link: "U.S. proxy war against Russia using OIL PRICE!!!"
hobie -- Saturday, 11-Oct-2014 02:53:54
- Reader Tonzal, link: 'Why Oil Is Plunging - "Secret Deal" Between The US & Saudi Arabia'
hobie -- Saturday, 11-Oct-2014 03:40:50
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