It's so weird to me that they shut down 1.1 million barrels last Wednesday but nothing happened? Yet some random refinery slows down by 300,000 barrels and the market goes nuts! Bet this freaks the shit out of the saudi's since we are long ways out for U.S. oil loosing an additional 1.1 million barrels over what we have already lost. This shows there's a hell of a floor in there somewhere and their plan to kill shale oil is going to fail epically! He'll we should thank them because this at least gave a bitch slap in the face to the North Dakota legislator's that they can't just spend and spend like they were! It will be fun to watch some of the smaller opec nations implode as they run out of money especially this close to the Arab spring.Tar Sands totally shut down, supposedly 25% of Canadas national oil production, must not impact the world market much as oil price is trending down today.
It will be fun to watch some of the smaller opec nations implode as they run out of money especially this close to the Arab spring.
To save their property and towns.......why don't people start a back burn?