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Old 12-22-2014, 04:32 PM   #196
GP_Matt
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This seems to be a debate about which benefit the Saudis are enjoying the most.
  • Lower prices hurt Russia
  • Lower prices hurt Iran
  • Lower prices reduce exploration and development spending which leads to
  • higher prices in the long run
  • Lower prices prevent export pipelines in Alberta from being built
  • Lower prices prevent Russian pipelines to China from being built
  • Lower prices prevent/delay a switch to renewable products
  • Lower prices encourage consumption and could lead to an expanded market in the future
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