Proud to be an American

OPEC: Too Little, Too Late

What people continue to leave out of all of these articles is the geopolitical instability in the region and how most of the OPEC countries plus Russia are "frienenemies" at best. What happened when Russia invaded Georgia? Prices ticked up. Same with the Hizballah/Lebanon war. Once the global downturn ends, the supply and demand of crude will be the same as it was when oil was $150/barrel. Combine that with an international incident here and there to spike the price every once in a while and $35/barrel oil seems like a great intermediate range investment to me.