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<blockquote data-quote="Coalburner" data-source="post: 293947" data-attributes="member: 6206">A lot of points I agree with here but the other side to what you are saying is the fact that Saudi Arabia used negotiations with Russia to flood the market with oil.&nbsp; They will not be able to do this long term as their entire government is run by oil and as soon as they cannot pay for government expenditures there is civil unrest.&nbsp; Civil unrest in countries like this is never good.&nbsp; This was more of a power move by the Crown Prince of Saudi Arabia to show both the United States and Russia that they can pump oil cheaper than anyone if it comes to that.&nbsp; This is not the first time they have threatened to do this.&nbsp; Saudi Arabia is very threatened by shale production in the United States. All that being said I would not tell anyone to go out and buy oil productions stocks right now (Devon, Exxon, Occidental, or Continental) because there is no demand and that is not coming back anytime soon if we do not open up the US economy.&nbsp; A lot of smaller upstream, midstream, and downstream companies are going to file for bankruptcy protection soon if they do not get these businesses up and running.</blockquote>

[QUOTE="Coalburner, post: 293947, member: 6206"] A lot of points I agree with here but the other side to what you are saying is the fact that Saudi Arabia used negotiations with Russia to flood the market with oil. They will not be able to do this long term as their entire government is run by oil and as soon as they cannot pay for government expenditures there is civil unrest. Civil unrest in countries like this is never good. This was more of a power move by the Crown Prince of Saudi Arabia to show both the United States and Russia that they can pump oil cheaper than anyone if it comes to that. This is not the first time they have threatened to do this. Saudi Arabia is very threatened by shale production in the United States. All that being said I would not tell anyone to go out and buy oil productions stocks right now (Devon, Exxon, Occidental, or Continental) because there is no demand and that is not coming back anytime soon if we do not open up the US economy. A lot of smaller upstream, midstream, and downstream companies are going to file for bankruptcy protection soon if they do not get these businesses up and running. [/QUOTE]

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