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<blockquote data-quote="The Other Side" data-source="post: 1491987" data-attributes="member: 17969">This post goes to demonstrate how OBLIVIOUS you are to real world facts.&nbsp; Its already been pointed out and backed up, that Saudi Arabia and OPEC have CUT and CUT deep to a point where they cant keep cutting just to keep the price of oil near 100 dollars a barrel.Cutting from 99.9% to 61% is DRASTIC.Why should they cut further just to &quot;PROP&quot; up prices on the commodities market just to help out the american oil companies??I think I also already pointed out that NEW sources of oil have come ONLINE and has contributed to the glut of oil on the world market.This ISNT a &quot;bubble&quot;.&nbsp; Its reality.&nbsp; The only &quot;BUBBLE&quot; in play is the one you reside in with regard to real world facts.Our producers are doing all they can TO CUT PRODUCTION and drive down inventory levels over the next 10 months.How do you reconcile this when the republicans keep calling for &quot;DRILL BABY DRILL&quot; and the producers are going on national television cable news and saying flat out that they are shutting down wells?As of today, Boone T. Pickens says 64 wells have been shut off in an attempt to drive inventory levels down by november and bringing the price of oil to $90 dollars a barrel.I am unclear why you are blaming everything but the truth for the price of oil.TOS.</blockquote>

[QUOTE="The Other Side, post: 1491987, member: 17969"] This post goes to demonstrate how OBLIVIOUS you are to real world facts. Its already been pointed out and backed up, that Saudi Arabia and OPEC have CUT and CUT deep to a point where they cant keep cutting just to keep the price of oil near 100 dollars a barrel. Cutting from 99.9% to 61% is DRASTIC. Why should they cut further just to "PROP" up prices on the commodities market just to help out the american oil companies?? I think I also already pointed out that NEW sources of oil have come ONLINE and has contributed to the glut of oil on the world market. This ISNT a "bubble". Its reality. The only "BUBBLE" in play is the one you reside in with regard to real world facts. Our producers are doing all they can TO CUT PRODUCTION and drive down inventory levels over the next 10 months. How do you reconcile this when the republicans keep calling for "DRILL BABY DRILL" and the producers are going on national television cable news and saying flat out that they are shutting down wells? As of today, Boone T. Pickens says 64 wells have been shut off in an attempt to drive inventory levels down by november and bringing the price of oil to $90 dollars a barrel. I am unclear why you are blaming everything but the truth for the price of oil. TOS. [/QUOTE]

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