OnePercenter
Gold Member
- Apr 10, 2013
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And no OPEC member can survive on $50/bbl oil. Some of them need in excess of $100/bbl just to stay afloat (pun intended). Push comes to shove, we are looking at a new world order based not on OPEC whim but market forces. Imagine the prosperity in the non-oil producing world at $50/bbl. Frankly, I don't understand the pushback on increased North American production which is GOOD for us. Is it a kneejerk defense of our President's position? Smile ... it's a wonderful day.
OPEC members can't survive on $40.00/bbl profit? Gee, they must have been destitute pre-BushCo.