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Freeze to October Deal, page-40

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g12m0

3,979 Posts.

373

18/04/16

17:16

Post #: 17534643
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Originally posted by Notaclue007 ↑

As US oil rigs close down it just gives more incentive for the Saudis and other opec nations to pump more oil out to secure market share. Countries that depend on oil solely for their budget must keep on pumping to secure market share. Once you lose it you can't get it back as someone else will come in take it from you.
Kuwait is is in the process of getting migrants to work to replace the workers on strike. Oil will eventually go up in my opinion, but it will go down substantially before going up.

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Once Kuwait brings in strike breakers, all bets are off on His Highness, the Emir of Kuwait. There will be social unrest in Kuwait. And Kuwait will endure a long freeze in its economy and government.

SXY Price at posting: 26.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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