Is Saudi Arabia waiting for even higher prices before it starts pumping more crude or is the country's 3M B/D spare capacity just a myth? Jeff Rubin contends the Saudis can't respond to today's high prices for the same reason they couldn't in 2008 - there's no more to pump. USO +0.6%, BNO +1.1%.
Is Saudi Arabia waiting for even higher prices before it starts pumping more crude or is the...
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