One real dumb stupid argument, page-8

Well written Eshmum ! you have nailed it , what happened and I think a lot of people know this of course is that ,the Saudi`s wanted a low price of around $50 to put the US shale into reverse ,but what happens when you push it lower ,is it tends to overshoot ( same as when its going the other way, same as shares really) and that overshoot down to $31 is not what they had planned for , but that's what happens when you embark on these kind of strategies . IMHO. At $50 it would have taken longer but at least the effect on the opec members and Saudi`s wouldn't have been so severe and costly .