I personally think that cutting oil production in the Middle East will make oil prices skyrocket in the US. I think it is a joint decision between Saudi Arabia, Kuwait and the US.
If the idea of production cutting stays still, then I will think it's the perfect time to start investing in those oil profits. you think the gas prices were horrible this past summer, wait until this summer.
Americans depends on an estimated 20.5 million barrels a day but with this possible cut we may only get between 15-18 million a day.
(China depends on 6,391,000 a day, info. taken from http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption)
2006-12-20
11:44:13
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4 answers
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NONAME
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