Will the drone strikes on Saudi Arabia cause oil prices to go higher for the foreseeable future or is this only a short term gain?
- LudwigLv 68 months agoFavourite answer
Depends if this becomes a regular thing or not. We hope it will.
- MercyLv 78 months ago
Saudi Arabia is going to use its reserves , but I fully expect to see prices go higher for some time.
- catrin lLv 78 months ago
Short term at the moment. Should help Venezuela if prices go up though.
- Aussie BattlerLv 78 months ago
Short term rise of around 10% however there is talk of another longer 3% due to the obvious vulnerability.
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- NāgaLv 78 months ago
The law of supply and demand causes prices to rise or fall; less oil, or even the threat of less oil, will in turn push up its price.
- geraldLv 78 months ago
Hey Trump not getting sex off his Misses can send the price of oil up ir print another trillion monopoly notes it all fantasy
- Anonymous8 months ago
I hope so, the less people on the road the better for the environment, and a bit of time with expensive petrol will increase the incentive for us to switch to electric powered vehicles, these drone operators have done a good thing.
- xg6Lv 78 months ago
Just until the Saudis rebuild their infrastructure