PPRuNe Forums - View Single Post - British expat exodus feared to hit Dubai amid oil price rout
Old 28th Dec 2014, 18:21
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So why would the Saudis let oil slide to below $60 for just a few months? If the plan is too hurt the Russians and Iranians it will be need to be longer than just a few months.

If the plan is to shut down shale oil in the US and a few other places the price will have to stay low for well over 18 months.

Letting prices drop on a short term horizon does nothing but hurt OPEC.
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