RE:RE:This is worth repeating over and over....This is what I find so ridiculous about the whole oil thing. You have a finite product, you have an pretty good over production at present. Oil is selling at 36-40 a bbl. If the Saudi's on their own were to cut their total production by let' say to 5% below the present demand.. the price of oil would undoubtedly increase for everyone by a significant amount. The money the Saudi's would lose in production decease, would be significantly increase in well head price. Now yeah they would lose a certain market share now but they know their oil is not forever but what they save at this time will be sold later when the price is ridiculously higher due to a real supply shortage. Now agreeably it would be best if OPEC as a whole would take that position then the price would go to reasonable levels in a very short time. I believe the Saudi's need to rethink this as it's not the shale that's the problem it's their wanting to remain a leader which they would regardless... I'm not genius so I could be very simplistic in thought if so I apologize in advance.