JasonC

Will the Saudis Break Ranks with OPEC? And Will It Matter to Oil Pricing?

It doesn't matter what quotas they set or what any of them say, they are all cheating like crazy and pumping like mad. Oil is going back to $70, then sideways a little to see if that will hold. Only green luddites in the west can save even that level, and if they are sent packing it is back to $50 or even $30. The bubble, is over.