Crude Oil Prices and the Influence of Saudi King Salman

Crude Oil Prices and the Influence of Saudi King Salman

by | published January 29th, 2015

With King Salman taking over in Saudi Arabia, many have wondered how the OPEC country will handle its oil policy.

The country’s refusal to cut production in 2014 was one of the biggest reasons crude oil prices fell so sharply over the past seven months.

Kent appeared on CNBC last week and discussed how Saudi Arabia could handle its oil policy now.


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  1. Lou Harvey
    February 2nd, 2015 at 16:12 | #1

    Someone is ill informed about Keystone XL, I see from the comments. For many reasons, the Keystone makes no sense, so called job creation is a nice talking point, but not reality. High risk corridoor is another, and I remember as a kid seeing drilling pools of waste oil over flowing when it rained in the Teapot area. If you go to Nigeria today, you will find leaking pipes and thousands of drilling pools leaking into surface water.

    I am not an environmentalist, just someone that has lived and worked in the industry and this oil has no value to the US markets, only proposed export markets.

    I expect to see this go by the way of the dinosaurs that made it. If not, what we will pay to clean it up will dwarf the Super-Site clean-up costs, we have today.

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