It seems even the Saudi's were thrown off by that record 2 day oil rally.
The kingdom will work to ensure there will be no "unwarranted and unnatural oil price hikes that could affect international economies, especially those of developing countries," said Madani.
"There is no justification for the current rise in prices," he said.
They are deathly afraid that high oil prices will throw the world economy into a recession and people stop buying their product. The Saudis can make a ton of money in the near term but the tap stops once people stop driving to save the gas that they can barely afford.
No comments:
Post a Comment