How will Saudi Arabia Respond to Lower Oil Prices?
October 19, 2014 at 14:52 PM EDT
Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production. I say, don’t hold your breath. Source: FRED When oil demand fell in the 1981-82 recession, the Saudis cut production by 6 million barrels a […] View the full post at: How will Saudi Arabia Respond to Lower Oil Prices? Related posts: Bond Yields Lower than You Might Expect? Will an OPEC Production Cut Carve a Bottom in Oil? How Well Do Individuals Predict the Selling Prices of Their Homes?