Posted by n00bpelabur > 2014-12-24 17:05 |

Post removed.Why?

Posted by Lotusf1 > 2014-12-25 14:44 | Report Abuse

Nooobplbr - i am with u minus ur language! If price drops to blow $50 ,Saudi will be under intense pressure o act fm non arb members ,see who cn withstand tis tsunmi test!

Posted by khengkhong > 2014-12-25 14:53 | Report Abuse

It's just figure of speech. what opec want to say is, they will not cut output because they are efficient producers, it is the shale oil producers should be making output cut. Shale oil producers are not efficient, today they can produce 30 mil bbbl, tomorrow 10 mil bbbl. But opec can produce consistently.

Posted by khengkhong > 2014-12-25 15:11 | Report Abuse

Saudi will not be pressured at all. it is shale oil producers under tremendous pressure. Under current market price, many shale oil producers will collapse. even if price go back to 100, shale oil producers cannot produce consistent according to market needs. they will continue to produce erratic output only to disrupt market.

Posted by Lotusf1 > 2014-12-25 16:16 | Report Abuse

I think world searching fr answer as where oil price going to be n if it is going to fall to x value ..but when ? .we sould not be wasting our time thinking $20 ,when it is not even $53..