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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: elmatador who wrote (170072)6/25/2012 5:37:55 PM
From: Salt'n'Peppa2 Recommendations  Read Replies (2) of 206153
 
At $92/bbl in Europe, oil prices have not dropped that much to offer real stimulus.
That is an arrogant statement by Al-Naimi. If he really thought that he was such a global benefactor, he should "engineer" the POO down to $30/bbl.

The problems in Europe, the USA and Japan have little to do with the price of oil. They are systemic problems, deep rooted and built on decades of extended credit, huge derivatives and cosy relationships.

JMHO,
S&P
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