25 Mar '12, 4pm

Why Saudi and American bluffing won't lower oil prices (Hint: It doesn't work when people know you're bluffing)

If you have the power and the desire to bring down oil prices, the best way to proceed is to start bringing them down. The easiest and fastest method would be to make more supplies available to the world market and keep adding until you reach your target price. The less you say about what you are doing, the better. When market participants are filled with uncertainty about your intentions, they have only the direction of prices to guide them. That means the speculative players can help you achieve your goals more quickly as they panic out of their positions. This was not, of course, the path chosen by the United States, Great Britain and Saudi Arabia recently when they announced that they were contemplating intervention in the oil markets--in the form of releases from strategic petroleum reserves in the case of the United States and Britain and in the form of increased pro...

Full article: http://www.energybulletin.net/stories/2012-03-25/why-saud...

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