Episode-72- Audience Questions – Bug Out or Bug In and More — 2 Comments

  1. On some levels it is! You can be the Saudis and other semi friendly to the US Arab states want a McCain Presidency. They have upped production to bring prices down some.

    That said a drop from 144 down to 81 dollars can’t be done by just the Saudi’s, Kuwait and the UAE alone. The fact is a global economic slow down is the main (but not the only) cause of oils drop.

    The important thing to comprehend is nothing the President did or even the Senate or the House did this year really effected oil prices directly for longer then a day or two at most. Oil is priced on a supply and demand scale in the global market and unfortunately OPEC has a lot more say about all of those things then we ever will as long as we rely on imported oil at current levels.