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Message: <blockquote data-quote="Marbleyes" data-source="post: 46871" data-attributes="member: 675"><p>The one thing I know for sure about oil prices is that no one has a clue as to where they are headed in the short term or long term. I have probably read more than most about it being that is how I make my living. One thing I know is if the Saudis wanted to get market share back they should have ramped up their output in the early 2000's because now these oil companies have spent so much money leasing and drilling, (a lot of the money was borrowed) they have no choice but to keep drilling and pumping just to pay their debt. </p><p>Too much volatility in the Middle East for anyone to have a clue where oil prices will be even in the short term. Read the other day that the Saudis would run out of cash by 2018 at current oil prices and since their economy is based 80% or so on oil they may need a different strategy. Basically, all I know is no one knows.</p></blockquote><p></p>

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