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I believe the Saudi oil minister said they break even at $60.00 a barrel during an interview on 60 minutes a couple weeks ago.
Our country is investing money in all these bailouts, why couldn't we buy more oil for our nation's reserves while the price is down. Then we have some bargaining chips next time the prices go to $150.00 a barrel. Just a thought.
I'm interested to hear your thoughts why this would or wouldn't work.
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