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1. leavey+(OP)[view] [source] 2014-12-17 02:22:17
these sources indicate otherwise. Saudi Arabia started the current trend: businessweek.com/articles/2014-10-23/oil-saudi-arabias-risky-price-play

bloomberg.com/news/2014-10-16/saudi-arabia-oil-stance-seen-targeting-opec-output-discipline.html

wsj.com/articles/saudi-oil-price-cut-upends-market-1415063053

replies(1): >>Steko+a1
2. Steko+a1[view] [source] 2014-12-17 02:48:32
>>leavey+(OP)
Your citations directly contradict your fantasy that this revolves around Bashar or punishing Russia. Bloomberg says the Saudis raised production only half a percent to defend their market share from the U.S., Russia and Canada's continued increases, basically what I said above. The price doesn't drop 20% because one supplier who has 12% market share increased their supply 0.5%.
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