RE:RE:RE:Fuuuuuuuuuuu*K OFF SAUDI'S.......The only thing the Saudis have accomplished in their oversupply of oil in the market is:
1). shown how ineffective the OPEC cartel has become.
2). as of Friday's meeting, effectively killed and dissolved the cartel.
3). and most importantly, made themselves insignificant in the oil market by forcing other Oil companies around the world to be more leaner and more efficient at drilling oil because they have a new "Real" price of oil to work with in their budgets.
In my opinion, when the Saudis did this, they doubled down. It's either going to work great or bust....and I can say it is a bust. Everyone is now working with $40 oil and no one even blinks or pays attention anymore when the Saudis open their mouths about oil.