Article

2014-10-21 Arabia

Oil market battles weak demand, ample supplies

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Posted by Fred 2014-10-21 00:00|| || Front Page|| [8 views ] Top
File under: Govt of Saudi Arabia

#1 Gov't 4th quarter CPI manipulation. Oil and durable goods prices will begin going back up after the mid-term election. Anything to make the regime economy look a bit better and dampen the upcoming Cost of Living increases.

Posted by Besoeker 2014-10-21 01:23|| 2014-10-21 01:23|| Front Page Top

#2 Of course, the gradual attrition of oil demand from the new generation Fords, Chevys, and various nipmobiles also has something to do with the falling demand.

Sees about anything with wheels on a US showroom floor these days is getting in the high 30s. AND some of the plug in hybrids are getting up in the 90s.

These really nice fuel consumption numbers can't help but put a stick in the eye of my favorite foreign potentate.

Posted by Mystic 2014-10-21 04:51|| 2014-10-21 04:51|| Front Page Top

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