RE:RE:WTI can get back to $50 without OPECOPEC's much ballyhooed production increases were in fact very modest, and in the case of the Saudi's, entirely seasonal. The media made a big deal about the Saudi's reaching a new high - well it beat the old high by 10,000 barrels - essentially a rounding error (Saudi's pump 13,000 per hour). $50 a barrel is still 20% below the marginal cost of production and not enough to trigger investment.