Thread: Gas prices!
View Single Post
  #79  
Old 11-30-2015, 06:49 AM
Hank70SS's Avatar
Hank70SS Hank70SS is offline
Moderator
 
Join Date: Dec 2009
Location: Brighton, MI
Posts: 4,719
Default

Not OPEC, just the Saudis. OPEC asked the Saudis to cut production to bring the price of crude up and the Saudis said no. They have the largest supply and still make money on crude at less than $50 a barrel. Other countries and especially fracking here lose money when crude sells at that price.
__________________
Hank

70 Chevelle SS396(454), M20, 3.73
My Chevelle
Reply With Quote