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Old 12th Dec 2014, 11:33
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The Ancient Geek
 
Join Date: May 2010
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The oil price is unlikely to remain low.

The Saudis are using the oil price as a weapon against their neighbours who have been using high oil revenues to stir up regional conflicts. With their low production costs and enormous cash reserves they can sustain this for maybe a year, busting the bad guys.

Nobody with any sense is going to bet on the oil price remaining low for much more than a year.
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