Cautious times, page-63

I agree its not looking good, but they are hurting so I imagine something has to give, and I feel the Saudis are desperate by the way they are acting. Maybe me to an agreement amongst the OPEC members to cut production by 1% - 5% across all OPEC member to allow for the Iranians to enter the market without disrupting it too much, but again don't see the Saudis wanting to help the Iranians.

and ultimately anything above $40-$50 the shale players will be back, so maybe OPEC and other oil reliant countries will have to look at a new POO and way around it.