green_cheeks

How Bad Is the Oil Shock of 2008?

It is amazingly stupid for the Saudis to increase production. Why sell 12m barrels for $115 when they can sell 10m barrels eventually $135. More money for less work.... oh, uh, I forgot that is we do here in America.... Let the rest of the world do the real work, and we can just sit around waiting for the fruit of they labor. Things are turning upside down.