Saudi plans spending cuts, reforms to shrink budget deficit

DiggerUK

CLAPTON wrote: »

......not sure that anyone greeted it with high fives but why is this a cause for conspiracy theories?

You and Generali are the only ones posting about conspiracies, I'll leave it for you pair to explain..._

Generali

DiggerUK wrote: »

Rate rise, strong dollar, dollar peg. Makes a strange christmas cracker conundrum.

And let's not forget, most of the worlds (cheap) oil producers have their currencies pegged to the greenback.....oh, I forgot, Russia doesn't.

Perhaps the US Federal Reserve may have been playing a political game with the recent rate rise.......no of course not, they are just like the Bank of England, independent of politics..._

That sounds quite conspiratorial to me.

vlad

There are those who think that oil will fall as low as $20 a barrel by 2020 and not recover to $95 until 2040, I suspect they may be right.

Generali

vlad wrote: »

There are those who think that oil will fall as low as $20 a barrel by 2020 and not recover to $95 until 2040, I suspect they may be right.

It wouldn't surprise me in the least to see oil approach $30/bbl.

DiggerUK

vlad wrote: »

There are those who think that oil will fall as low as $20 a barrel by 2020 and not recover to $95 until 2040, I suspect they may be right.

If your sources have a track record of accuracy from 5 and 20 years back, they may be worth considering.

Me, I suggest we wait until those dates come round..._