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<blockquote data-quote="raider" data-source="post: 49571" data-attributes="member: 353">interesting times...couple things... if opec does raise the price to say $75 to increase their revenues, what is the incentive of us producers to go balls out again to increase production only to give away profits on these wells when opec decides to drop the prices again??? this latest price drop might just have changed the game and thinking of the top producers who are really the only ones who can push up the volume quickly... speculators in the oil industry without deep pockets are going broke right now, and may not be interested in jumping back in again... the leases are tied up, the technology is figured out, and the big companies will be swallowing up the failing little guys until things change... iran may have set the world up for high dollar oil for generations with this latest price manipulation... russia didn't invade crimea, iran doesn't have or want a nuke, and saudia arabia has oil bubbling to the surface on it's own right???a guy told me last week he has been in saudi drilling, and they have drilled 30 dry holes in the past 6 months... who knows...</blockquote>

[QUOTE="raider, post: 49571, member: 353"] interesting times... couple things... if opec does raise the price to say $75 to increase their revenues, what is the incentive of us producers to go balls out again to increase production only to give away profits on these wells when opec decides to drop the prices again??? this latest price drop might just have changed the game and thinking of the top producers who are really the only ones who can push up the volume quickly... speculators in the oil industry without deep pockets are going broke right now, and may not be interested in jumping back in again... the leases are tied up, the technology is figured out, and the big companies will be swallowing up the failing little guys until things change... iran may have set the world up for high dollar oil for generations with this latest price manipulation... russia didn't invade crimea, iran doesn't have or want a nuke, and saudia arabia has oil bubbling to the surface on it's own right??? a guy told me last week he has been in saudi drilling, and they have drilled 30 dry holes in the past 6 months... who knows... [/QUOTE]

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