| 18.12.2014 - Saudi Arabia Has its Reason for an Oil Price Drop, Others Need a Plan |
| Not all producers will be hurt by a few years of lower prices. Let’s not forget that OPEC’s leading member, Saudi Arabia, has long believed that if oil prices are too high they undermine long-term demand for the country’s main export. When prices hovered around $100/barrel, oil importing countries in the global north and the faster growing south, poured money into energy diversification and technologies to reduce emissions...........................................Full Article: Source |