18-01-15, 01:01 PM
Quote:Make the most of it fellow foccers-you can be sure that as demand increases the price will rise again as the days get warmer but I guess Cameron & Co will try to keep prices down until after the election for the " Tory feel-good factor". The USA can only hold prices down for so long in the light of increasing pressure from China, India,& other emerging/developing economies.
Demand should fall as the days get warmer not rise.
Yup it won't do Cameron and co any harm in the short term.
The Chinese economy is faltering, growth is slowing. My bet is it will crash at some point. Just as we did they are printing cash.
It's not the USA that's holding down prices, it's the USA and Saudi. Saudi could slash it's production, restore the price to 120 - 14- dollars a barrel, protect it's asset and still bring home the same profit.
The price of oil is carefully controlled.
The current low price is to bring the Russian bear to it's knees. Saudi is more than happy to help the USA achieve this.