Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 11-30-2014, 04:28 PM   #4537
DaneMcCloud DaneMcCloud is offline
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Quote:
Originally Posted by Baconeater View Post
They'd have to keep it low in that case. Not sure if I see that happening.
They pretty much have no choice. The US will be the world's largest exporter of oil by 2020, surpassing Venezuela. Russia's got the natural gas. If OPEC is to compete, they'll need to keep their prices low.

They realize the end is near and it's better to sell low than not sell at all.
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