Replies to post #2114 on Strata Power Corp. (SPOWF)

[wshaw14]

We my start to see Opec easing off on production. Saudi Arabia is now digging into their international reserves to the tune of about $15B a month right now. May not be until December, but I think they will cut production. I dont think that SOIGF will do anything at less than a WTI oil price $80.00 though

http://www.gurufocus.com/news/358025/eia-and-opec-reports-help-crude-oil-outlook

"the Organization of Petroleum Exporting Countries gave its observations on the energy industry and the current effects from oil’s low price levels. It stated its concern for the socioeconomic effects from lower revenue and the lack of near-term investment in exploratory projects. The sentiment from OPEC was more cooperative than in previous reports, and the organization also noted its willingness to discuss solutions with stakeholders for achieving price equilibrium in the industry overall."