Re: Saudis happy with $50 oil for the short term

Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

Reply New Message

Prev Message Back To Forum Threaded View Next Message

bbqdays

Rank: Treasurer [?]

Points: 2006 [?]

Votes: 19 Score: 2.7 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Saudis happy with $50 oil for the short term

in response to

Saudis happy with $50 oil for the short term

Road_Warrior

posted on Apr 02, 2009 05:38PM

Excellent article ... I'm very pleased to see the prudence being exercised by the Saudis. Stability is the objective at this time. Strange comment from LCM Commodities " ... more obsessed with G-20 ... " My interpretation isn't one of obsession, it's they're concerned with the fragile state of the world's economy. We're all connected economically now and the Saudis see that, it's not just about how much money can OPEC make next week.

This is all very positive: the counsel of reason, defending the price around $40, calmer heads will prevail et. al.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply