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oilfieldmafia

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oilfieldmafia

Re: MovedOn post# 10753

Thursday, 05/05/2016 8:23:22 AM

Thursday, May 05, 2016 8:23:22 AM

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I'm not saying that Oil prices will reach 90$ a barrel anytime soon, yes OPEC is producing oil at a unrealistic rate, but also factor in how much it is taking a toll on them financially. I think we will see a breaking point with Saudi, and Russia along with a few others and we will see them cut back on exporting.
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