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<blockquote data-quote="The Other Side" data-source="post: 1491741" data-attributes="member: 17969">Read for yourselves..&nbsp;&nbsp; from May 2011<a href="http://www.forbes.com/sites/robertlenzner/2011/05/29/prince-alaweed-says-saudi-arabia-wants-oil-price-70-80-a-barrel/" target="_blank">http://www.forbes.com/sites/robertlenzner/2011/05/29/prince-alaweed-says-saudi-arabia-wants-oil-price-70-80-a-barrel/</a><a href="http://www.cnn.com/2011/WORLD/meast/05/29/us.saudi.prince.oil/index.html" target="_blank">http://www.cnn.com/2011/WORLD/meast/05/29/us.saudi.prince.oil/index.html</a>Out of their own mouths.&nbsp; Not mine.What they feared is now happening, USA is producing more oil than it imports, market share is being lost to the USA and by not CUTTING production any further, prices per barrel will continue to drop.The inflated days of oil are over, unless the USA producers can CUT supply off intentionally and drive up the price by limiting supply to the refiners.OPEC and the other oil producing countries will keep driving the price down.TOS.</blockquote>

[QUOTE="The Other Side, post: 1491741, member: 17969"] Read for yourselves.. from May 2011 [url]http://www.forbes.com/sites/robertlenzner/2011/05/29/prince-alaweed-says-saudi-arabia-wants-oil-price-70-80-a-barrel/[/url] [url]http://www.cnn.com/2011/WORLD/meast/05/29/us.saudi.prince.oil/index.html[/url] Out of their own mouths. Not mine. What they feared is now happening, USA is producing more oil than it imports, market share is being lost to the USA and by not CUTTING production any further, prices per barrel will continue to drop. The inflated days of oil are over, unless the USA producers can CUT supply off intentionally and drive up the price by limiting supply to the refiners. OPEC and the other oil producing countries will keep driving the price down. TOS. [/QUOTE]

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