Monday, December 1, 2014

The Real Reason Saudis Didn't Cut Oil Production | Seeking Alpha

The Real Reason Saudis Didn't Cut Oil Production | Seeking Alpha



Here is an outstanding article about why the Saudis are allowing the price of oil to fall.  As the author mentioned, there are probably short term and long term reasons.  The biggest long term reason is to slow down alternative energy adoption through solar power and electric cars.  The price of oil will not rise again anytime soon either.  So, oil stocks should be avoided for several months minimum.



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