RE:RE:What am I missing?The Russians are not driving down the price of oil; that is being done by the Saudi refusal to cut production.
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Well actually the Saudi's are not causing the drop in the price of oil either. A supply imbalance relative to demand is causing the drop in the price of oil. Any major oil producer could cause the price of oil to rise by cutting production. The Saudi's have simply told the market that this is no longer their area of responsibility. It actually never was and now the market realizes that. This is simply capitalism at it's finest. Purely supply and demand balancing out the price.