Oil at $60 a barrell....everyones happy!

[onefast99]

The new $60 mark for a barrell for oil is what will keep the Saudis pumping and OPEC happy! Under that $60 mark will cause the domestic producers to back off and cut some of the work force back. The Saudis already have hinted anything in the $40's will cause them to cut production.
Due to the higher cost of bringing up a barrell of domestic oil it seems as if everyone will be happy with the new $60 a barrell. Now that we have seen the last of the below $2 a gallon for gas and the big hit the Russians took on the chin, it is safe to say the Middle East still controls oil prices no matter what!

[tucker6]

The new $60 mark for a barrell for oil is what will keep the Saudis pumping and OPEC happy! Under that $60 mark will cause the domestic producers to back off and cut some of the work force back. The Saudis already have hinted anything in the $40's will cause them to cut production.
Due to the higher cost of bringing up a barrell of domestic oil it seems as if everyone will be happy with the new $60 a barrell. Now that we have seen the last of the below $2 a gallon for gas and the big hit the Russians took on the chin, it is safe to say the Middle East still controls oil prices no matter what!
Not really

[onefast99]

Not really
The Middle East has full control over oil prices, if you think for one moment the USA does can you offer some sort of proof? The Saudis recently were able to drive the price of oil down to the $40's and bring it back up to the high $50's within an 8 week period!:cool: