Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Donald Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (35298)	3/16/2020 4:08:27 PM
From: John Carragher	Read Replies (2) \| Respond to of 73695

i do not feel as strongly as you do on the oil situation. i am not fully informed as to the full understanding of why the reaction was taken by saudi. the understanding from the press was russia was selling large volume of fuel at a lower cost vs what the opec nations were attempting to hold. this has been ongoing. Saudi dropped their price to compete against russia to reduce supply. this also works against high cost suppliers. i expect us the consumer we will benefit from lower cost gasoline/heating in the meantime. The timing is noise imo and came along with the virus problem. as to the author, he seems to have written a very emotional article. i am not sure he is not bias. here is bio tomluongo.me i do not see, that he is part of any oil/ gov't organizations who would be working on these problems.