ERHC Energy Inc (ERHE)

[nordicroots]

I guess we'll have to see how things pan out. I know the Saudis are not so thrilled with the US at the moment - particularly this administration. My understanding is that shortly after a visit by the Sec. of State in late 2014 the decision was made in the Thanksgiving day OPEC meeting to keep production output steady and then they lowered prices to accomplish this. In previous OPEC meetings where Russia was invited to sit like a fly on the wall, they were a bit put off when Russia failed to fall in line with the direction the cartel was headed. I think this is intended to resolve some of those issues, but if it changes beyond that in terms of military or economic ties it could have a tremendous impact on the very petro-dollar that the entire industry is tied to. So as far as these things are concerned I think it is a bit more than fluff. You saw in the article that Chris DeHammer was projecting oil prices up around $75 bucks a barrel by year end, I have heard a lot of the same in other circles too. In any event, should some of these things pan out and result in oil prices rising, we will see small cap oil stocks get a bit of a boost.