Is Saudi Arabia about to repeat its oil policy error of 1998? « Peter J. Cooper’s Weblog

So I wonder if Saudi Arabia really decided to screw down oil prices next week, how long will this last? The emerging economies will soon swallow up any surplus production and we will be back to square one, and prices will go up again. Only at that point Saudi Arabia may not have another field or two to switch on, and the long-term decline seen among key oil producers will have carried on.