Your view if oil comes down to $20/barrel?
Oil prices would have fallen to $20 a barrel without OPEC intervention but oil markets will see tough times in 2009 amid the global financial crisis, Kuwait's state news agency cited an oil official as saying on Monday.
US crude has fallen over $100 to around $40 from its peak in July above $147 but has steadied since December.
"The decisions taken by OPEC in the past few months protected oil prices from a big decline," Nawal Al Fuzaia, Kuwait's national representative to OPEC told KUNA. "If it has not been for these decisions, oil prices would have reached $20 a barrel."
http://www.arabianbusiness.com/547721-oil-may-have-fallen-to-20-without-...
"Everything in this book may be wrong." Illusions: The Adventures of The Reluctant Messiah by Richard Bach
i lose my job and head back home
The gulf economies shall collapse and all the expatriates shall be sent home.
If Oil goes down below...$20...Bus fares will go down...In Mallu-Land... Kerala...lol
And
1. Bus & Karwa Fares will increase in Qatar!!!
2. Increased Taxation
3. Cost of Healthcare will increase
4. Cost of Education will increase
5. 2 Room Kitchen Appartment will cost QR 3,000.
It cant , they will have to stop rigging since it will cost them more than that. lol
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Listen to Many..Speak to a few.
or not?
"I do live by the motto that pessimists are usually right, but all the great change in history was done by optimists" -Thomas Friedman