Saudi Arabia… Screw You Wall Street
There is not one person that knows the oil business better than the folks in Saudi Arabia when it comes to supply and demand on the world oil market. Even Saudi Arabia is wondering how the world of oil market speculation has the price of a barrel of oil tempting at the hundred dollar mark. With that thought in mind the nation of Saudi Arabia is exploring for new oil fields with all of the new technology available to ramp up production thus saying to oil market speculators in the market, Screw YOU!
Wall Street can play the game and pocket the cash but I’m thinking that the producers of oil in the world are looking at the bigger picture and alternative energy sources are more than attractive with oil at one hundred dollars a barrel. That is and will be a direct effect to the bottom line of all oil producing exporting countries, aka OPEC. Oil has only been the main source of heating and vehicle power because it was cheap and affordable to the masses. That is no longer the case.
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