Saudis are running the show...My read is that the Saudis have basically dissolved OPEC and taking full control. With the continued increase in oil production from non-OPEC countries (mostly Russia+ US), the Saudis decided to take the lead and deal with the oil glut issue now. They are doing everything they can to push oil prices down hard and fast (shock&awe anyone?). They figure that the only option they have to slow down oil production expansion in Russia and the US is with a crash. Oil prices in the 40 to 50$ range are unsustainable any way you look at it (financially unviable for most, social unrest in many countries…). If nothing is done, the situation will get really ugly and at some point production will slow down and prices will stabilize in 6 months to a year. A more orderly way out could be for all producing countries, including the US and Russia, to agree on a slowdown in production expansion to bring back prices in the 85 to 90$ range more quickly and avoid the social unrest which will not benefit anyone... AIMO Good luck to all....