RE:BADRI you stinkin' ARABforextrayder, you sir, are a moron. The fundamentals indicate an oversupply. Now, the question is, who blinks first to reduce supply? OPEC or non-OPEC producers. Badri and the OPEC producers are well within their right to not cut production, as are others. For the time being, it appears everyone is leaving it to the market to decide and correct itself - the weak hands will fold and production will be cut that way. OR does OPEC and others decide to force the market to correct by cutting production? Game of chicken going on ... I don't think they will play it for long, but I wouldn't be surprised at oil going to $40 first. PS -- your racist remarks really don't add anything. they make you sound like a racist idiot with low intelligence.