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The reasons for Saudi Arabia's shift of its target price for oil to $100/bbl from $70-$80 mostly...

The reasons for Saudi Arabia's shift of its target price for oil to $100/bbl from $70-$80 mostly boil down to the growing oil export revenue needed by the OPEC states to placate their citizens in the wake of the Arab Spring, FT says. There's concern about overwhelming any global economic recovery, but there’s also the question of Saudi’s ability to impose its will on OPEC, plus the Iranian wild card.
Comments (1)
  • rothyman
    , contributor
    Comments (126) | Send Message
     
    Um no?

     

    The reason the price has shifted is the fact that demand shifts with the global economy while supply stays constant. Prices have little or nothing to do with Arab Spring.

     

    Who writes these currents again?
    17 Jan 2012, 09:56 AM Reply Like
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