Monday, March 25, 2013

Saudi Arabia Thinks $100 Per Barrel Is Fair Price For Oil

I like it too!  How about we keep it there for about five years and then move it up again?

"I just came from Hong Kong and I told everybody, in 1996, I thought $20 a barrel was reasonable; in 2006 I thought $27 a barrel was reasonable and now it is around $100 a barrel. I told them again it is reasonable," Ali Al Naimi told reporters asking him what the fair price for consumers and producers would be.

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