Economy 52,861 Posted May 10, 2016 Share Posted May 10, 2016 http://oilprice.com/Energy/Energy-General/What-OPEC-Has-To-Fear-From-The-New-Saudi-Oil-Minister.html Saudi Arabia has a new Oil Minister backed by the new Prince after the old Minister who served for decades was fired last week. The replacement has more agressive intentions than the former. While Ali was willing to consider a freeze with other Nations, the New Oil Minister is not In fact they intend to continue to raise production so that oil prices never recover for the foreseable future, and all higher cost producers will be forced out of business. Tgeir main target, US Shale. Link to post Share on other sites More sharing options...
PERFECTIONIST 2,139 Posted May 10, 2016 Share Posted May 10, 2016 wow.. one man was basically controlling the entire oil industry.. I guess conspiracy theorist were correct my hobbies include lying about PI leaking and getting everyone shook on GGD Link to post Share on other sites More sharing options...
Economy 52,861 Posted May 10, 2016 Author Share Posted May 10, 2016 2 hours ago, C Slayclair said: wow.. one man was basically controlling the entire oil industry.. I guess conspiracy theorist were correct Well... He had the most power in Saudi Arabias Oil industry who is OPECs most influential member it doesnt mean he alone decided the entire industrys fate Link to post Share on other sites More sharing options...
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