Posted January 18, 2015
i read some days ago that the oil prices are falling, because usa discovered new oil fields on their ground.
my knowledge may be outdated (2008), but so far i know 90% of the oil reserves on earth were located in saudi arabia, iran and iraq (in that order). the rest is located elsewhere.
so i dont get why the oil prices are falling just because usa started to pump oil from another field on their ground?
my knowledge may be outdated (2008), but so far i know 90% of the oil reserves on earth were located in saudi arabia, iran and iraq (in that order). the rest is located elsewhere.
so i dont get why the oil prices are falling just because usa started to pump oil from another field on their ground?