How And When Will Saudi Arabia Respond To Low Oil Prices?

How And When Will Saudi Arabia Respond To Low Oil Prices?

Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production. I say, don’t hold your breath. Source: FRED.Related: Is the Oil Price Slide Nearing an End?When oil demand fell in the 1981-82 recession, the Saudis cut production by 6 million barrels a day in an ef

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