Oil is declining because the Saudis are dumping it. Their oil is cheap to produce because it is near the surface and plentiful and "good quality". They probab

Oil is declining because the Saudis are dumping it. Their oil is cheap to produce because it is near the surface and plentiful and "good quality". They probably figured they better halt development in other parts of the world by making it unprofitable for others to produce. The question is how long they will keep it up. Just imagine how much every extra penny on the cost of oil/gas squeezes out of the economy every day. http://i.imgur.com/hi9pTsQ.png http://i.imgur.com/hi9pTsQ.png