re: #133 Dr Lizardo

Hark! What sound is this I hear? Why, I believe it’s Vladimir Putin cursing in exasperation!

uk.reuters.com

There will apparently be no OPEC meeting before June 2015. And oil can still go down some more between now and then.

I really do wonder how low oil can go?

I’ve had “econ majors” on another board telling me that OPEC will hit bottom before anybody else will, as it can’t afford oil to stay cheap for too long, so they’ll cry uncle before any real damage is done to US oil fracking. Meanwhile, the UAE basically announced yesterday that they’re okay with $40/bbl oil.