That is a fun stat indeed! My 500 shares are betting history repeats itself.
Ironically, rising prices will ultimately be self-defeating for oil as producers pump increasingly more of the stuff to capitalize on inflated prices.
Let OPEC go ahead and do a deal...and let's see how long it takes for non-OPEC producers to fill the void. Just hot air to keep the balloon aloft as long as possible. That balloon will come crashing down soon.