RE:From The London BoardThis is not a simple quid pro quo on any Saudi action but if the guy is right , the Saudi's get $10 more on 9millions bopd and lose $45 on 2MM bopd they drop from production...oops...it's a zero sum game. I don't think so...and all the DSaudi's worked for against other producers was for nought? I don't think so.
I think a better bet is a geopolitical event pushing it to $55+ but then maybe gold becomes an eqjual if not better bet...
Hey, do you remember when Middlefield Capital had that really old oil guru come on TV with their guy and talk about Peak Oil...along with Boone and a whole load of other experts...and how Saudi had depleted oil fields. Give this Bloomberg interviewee a bone!