Quote:
Originally Posted by edslunch
The funny thing in all this is that the Saudis aren't actually doing anything to make oil fall - it's purely market forces at work. Ironically they're catching crap for NOT manipulating the market like they usually do.
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They're certainly enjoying throwing around numbers publically to help. Look how many news outlets carried the "we won't cut if oil hits $20.00". While not calling for $20 oil it's certianly reported like it's possible. I'm not suggesting that's their goal, to talk the market down, but it's not uncommon as the Fed and BOC do it all the time with their monetary policies.