RE:OPEC HAD BETTER RENEW HER "CUTS" OR LOOK OUT !!!
You're HALF RIGHT THERE! Have you seen the rebalancing production and demand numbers?
I would be skeptical myself if we had not touched the $40s in the past few months. But the fact that we saw the market react in December and January then downtrend shows all OPEC members how little of a choice they have.
Have you see the record consumption by Asia? Someone posted charts on SeekingAlpha, I need to find them for you.