RE:One last thing I so wish oil will go up to $50 bucks and hold for a week, so............. I can get my $cash back out of the oil patch for good. YOU will never and i mean EVVVVER see 100 buck oil again. your great great great grandchildrin might in 300 years. So good luck in your liftime. The Saudis are never going to cut. Ever.
The Saudis are way smarter than we north and south americans give them credit for, They can see (the future) electric cars. They are trying to protect there #1 assect OIL.
They can't make money at 40 bucks, but are losing less than all of us idiots that own shares in multiple companys on the tsx and tsxv.
Do they want $40 buck oil..... no they don't
Do they want all oil companys out of business so they own it all...... NO they don't. They know we are smart enough to find a way to have a small margin and stay alive. They want $50-60 OIL.
Companys like tesla and apple are going to be a treat to them. oh wait now ford chev and dodge are losing market share to tesla and apple. two companys that wern't around before. Now the BIG 3 are making quility electric cars.... OMG I own a, honda ,nissan, VW, a WhatEver lets make a electric car like the rest....OMG all electric cars. that is way to much supply. oil is now $20 bucks.....ya see saudies are saying why make all those expensive battery cars when a gas car is cheaper to buy. they don't want electric cars to be explored and developed untill they have every barrel of oil pulled from the ground. So you and me will never see $100 buck oil in ower life time.EVER.