The Saudis only care about themselves, there were lots of articles floating around suggesting that the Saudis wanted to hurt the other members of the cartel as well, kuwait, UAE and the Saudis are the ones benefiting, still having enough funds to invest to produce more while other OPEC members are losing money while also cutting on investment for the future Iraq and Uganda are a prime examples.
what I meant that Valenzuela and Russia might do their bit to help prices.
There is a lot of instability in the middle East at the moment, the Saudi foreign policy is going to come back and bite them in the ass, its not if but when.
watch oil sky rocket when that happens....
the counterintuitive trend tells me the market is in trouble, page-11
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