The other takeaway, we have been paying inflated prices all - TopicsExpress

The other takeaway, we have been paying inflated prices all along.. Despite a nearly 25% slide in oil prices in recent months, Saudi Arabia has no intention of cutting oil production. On the contrary, according to a Reuters report Sunday, the kingdom “is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period.” How much lower? Perhaps down to $80 per barrel, for a year or two. forbes/sites/christopherhelman/2014/10/13/bad-news-for-u-s-drillers-as-saudis-signal-no-cuts-to-oil-output/

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This would bee too close to home for me. :) One sting could kill

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