I suppose crazypunter will reckon this guy is a climate change activist!! (There's none so blind as those who will not see)
The following article is really worth reading as it explains the reason for Saudi Arabia's refusing to cut supply: they know the writing is on the wall.
In 2000, Sheikh Ahmed Zaki Yamani, former oil minister of Saudi Arabia, gave an interview in which he said:
“Thirty years from now there will be a huge amount of oil – and no buyers. Oil will be left in the ground. The Stone Age came to an end, not because we had a lack of stones, and the oil age will come to an end not because we have a lack of oil.”
http://www.energypost.eu/historic-m...nd-oil-age-coming-opens-valves-carbon-bubble/
POO is AUD$70, page-64
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