Does the fact that Iran needs higher crude oil prices an indicator that their saber-rattling is an attempt to induce higher oil prices? In fact, all OPEC exporters may have the same vested interests. I know that's stating the obvious...
The Saudis keep insisting they don't desire higher prices due to demand destruction, but bigger profits for the lowest-cost producer must be very tempting to them.
http://www.zerohedge.com/news/who-wants-highest-crude-oil-price-presenting-opec-cost-curve
Sunday, August 12, 2012
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