Latest Breaking News On - Stephen herzog - Page 1 : comparemela.com
check the big board right now. the dow is off from its lows from earlier. voting down the gold standard over the weekend. oil is still near a four-year low. touching 63 earlier. there is a bounce in oil today. gas still dropping about a penny per day. $2.76. let s bring in eric boling. he knows a thing or two about the oil market. it looks like the saudis are taking direct aim. is that true? yes. yes. they want to come off and think we will not cut production. reducing about 90 billion barrels a day. they will not cut production because they want to give the u.s. economy a boost. they are our friends. that has nothing to do with what this is about. how quickly can we scale back production to meet the decline? maybe not the demand we were expecting going forward. if they can keep the prices low we had a five year low. they were down maybe 40%. as long as the saudis opec said they will not cut production. i was on about a month and a half ago. maybe 70 will not be the
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