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Originally Posted by Oaklawnfan
I realize I'm about to get my head handed to me for asking this question.... But is there anyone who feels we are already sending these people enough money as it is. Gas is over $3 a gallon. If the Sheiks get to buy our best horses for stud, could they lower the price of crude to less than $100 a barrel?
Signed, Conservative in the Ozarks.
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Dubai primarily handles the money from neighboring countries. They aren't a superpower in the oil business.
It would be difficult for the oil companies to continue exploration and drilling if the barrel goes below $100. Sure there is plenty of oil left, it's just not as easy to get to.