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Johnny26

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Johnny26

Re: Bly967 post# 14844

Monday, 05/08/2017 3:00:27 PM

Monday, May 08, 2017 3:00:27 PM

Post# of 19131
OPEC for the most part was a "wishful thinking" solution to a long-term problem in the making. Yes, OPEC cuts did have a shock on prices but at the end of the day Economics 101 prevailed and will continue to do so as long as supply and demand are out of whack. There's no way the Saudi's will continue to give up market share and see their import business drop in hopes of stabilizing the market. It's going to take a huge shock (i.e. major war) to bring this equation back into harmony.
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