RE:So....
I agree. One thing I find annoying is when the media talks about demand. I had the same issue on metals. The talk was all about China's "slowing down" but that's far from the truth. They were saying one thing and doing something else because they are a net buyer of commodities.
They are stiffl growing but being overtaken by India on growth.
I really get the feeling that Saudi and Russia will cooperate to avoid having oil crash again. I think this week was pivotal. Saudies, after 8 years of allowing a massive "buyer's market" to preserve market share has finally figured out that if they overproduce, that gives the power to buyers.
OPEC nations have hit a breaking point.