Showing posts with label crude oil prices. Show all posts
Showing posts with label crude oil prices. Show all posts

Sunday, August 12, 2012

Who Wants The Highest Crude Oil Price? Presenting The OPEC Cost Curve

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