Saudi Arabia has pushed oil price down to its likely break even level. Don't buy the "they're doing this for market share" explanation
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Replying to @chinahand
@chinahand Not positive of purpose. But it puts Saudis at odds w/Mitch McConnell's plan to burn everything not nailed down in the US.1 reply 1 retweet 0 likes -
Replying to @emptywheel
@emptywheel maybe ksa's gone green & wants to stop fracking & xl. Just kidding! But they can't hold these levels forever & then shale oil2 replies 1 retweet 0 likes
Replying to @chinahand
@chinahand Yup. But first chaos in Russia and Iran and Venezuela, so it's all good.
2:24 PM - 6 Nov 2014
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