Saudi Arabia to bring oil down to $80 a barrel - Global economic and geopolitical effects coming soon

10/14/2014 - 00:00

  By <a href="">Yves Smith</a> -<br><br><a href="">Asian stock markets continued to fall today</a>, propelled at least in part by the adverse reaction to <a href="">the Saudi announcement yesterday that they would let oil prices fall to $80 a barrel</a>. And further reports indicate that the Saudis intend to keep oil prices low enough to force a realignment of prices not just among various grades of crude, but also for intermediate and long-term substitutes.<br><br><a href="">READ MORE ON NAKED CAPITALISM</a>