Lightstream Resources Ltd. LSTMF

Look 10 years forward with any thought you would apply today

[chantal2468]

CUTTING PRODUCTION WONT WORK.Unless entire world of producers colluded against the consuming public to fix prices.Even if OPEC plus 8 countries cut production it would be a slippery slope to oblivion.In 10 years all these countries would have to cut their production virtually in half to accommodate all the new production they enabled to grow due to the artifial price hike.YES,even accounting for demand growth of 10M b/d over 10 years.Not many here have even once mentioned the exponential growth that was about to happen just at the brink of the price bust.US was set to bring on stream 4 M b/d new oil in the next 12 months since one year ago.To point out to those who dont realize...about 1.7M b/d of that figure was just to replace the declines of US production.Spending on capex was 120% of sustainable cash flows.The production was about to go PARABOLIC.It had to end sometime.This is why OPEC will not let this nonsense re-ignite.The SAUDI's are not stupid.They can see the future better than alot of these moron day traders on here who espouse to know what is going to happen every 5 seconds after it happens.