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  1. #1
    Registered User Junior Member
    Posts
    36

    OPEC Deal Already Dead

    As oil prices are falling, the Saudi's announced that they reversed one-third of their production cuts. This effectively ends the OPEC production cut deal. Which probably was never really going to have a huge impact, thanks to American frackers.



    So, have you hugged a fracker today?

  2. OPEC Deal Already Dead
  3. #2
    Registered User Junior Member
    Posts
    33
    The frackers might want to give an assist to Ben Bernanke. But it does seem like the US is now the swing producer.

  4. #3
    Registered User Semi Pro Member
    Posts
    336
    Lots of people pumping, demand not rising, and storage facilities holding record capacities. Looks like the price of oil could head back towards $30 again.

  5. #4
    Registered User Semi Pro Member
    Posts
    269
    OPEC countries need to keep pumping to hit dollar targets to fund their government. Of course they will cheat.

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