Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Canadian dollar sinks below 88 cents as Saudis cut oil to $77

gunnner · 12-23-2014, 06:48 AM

I think the variety of theories maybe shows there is more than one reason for the Saudis to drive down oil prices or 12-18 months.
1)Curb Russian production
2)Curb U.S shale production
3)Tick off Iran
4) Maybe $50-70/barrel oil will help bring back some stronger long term growth to Europe/China/East Asia, which would benefit the Saudis in the long run.

It could be one of these or all of these reasons.

12-23-2014, 06:48 AM	#199
gunnner Crash and Bang Winger Join Date: Feb 2013 Location: Amsterdam Exp:	I think the variety of theories maybe shows there is more than one reason for the Saudis to drive down oil prices or 12-18 months. 1)Curb Russian production 2)Curb U.S shale production 3)Tick off Iran 4) Maybe $50-70/barrel oil will help bring back some stronger long term growth to Europe/China/East Asia, which would benefit the Saudis in the long run. It could be one of these or all of these reasons.