Fair oil price

The Saudi King has said that the price of oil should be $75 a barrel. He said this in an interview to a Kuwaiti newspaper.

We believe the fair price for oil is $75 a barrel

I wonder why the king note made a similar statement when oil was being traded at $147 a barrel in mid July. Why did the king not say that $147 is too high a price? The king should realize that unfair price of oil has devastated the economy of developing countries.

The Saudi King has said that the price of oil should be $75 a barrel. He said this in an interview to a Kuwaiti newspaper.

We believe the fair price for oil is $75 a barrel

I wonder why the king note made a similar statement when oil was being traded at $147 a barrel in mid July. Why did the king not say that $147 is too high a price? The king should realize that unfair price of oil has devastated the economy of developing countries.

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