Once higher cost and financially weaker producers have been
forced to cut their production, prices will rise and Saudi Arabia will benefit
from a combination of higher prices and successfully defended market share. In
the game of overproducing oil while its price is nearing rock-bottom, there are
no winners. With the oil price forecast looking grim for 2015, the OPEC giant
can simply buckle down and wait. The fall of oil and natural gas prices is a
boon to U.S. consumers and the economy. But the experience of the “lost decade”
after prices slumped in 1986 suggests rebalancing could take longer than some
OPEC members and market analysts expect. More… 
Tuesday, September 1, 2015
Crude Oil Skyrockets Amid Strains Between Venezuela And OPEC
Once higher cost and financially weaker producers have been
forced to cut their production, prices will rise and Saudi Arabia will benefit
from a combination of higher prices and successfully defended market share. In
the game of overproducing oil while its price is nearing rock-bottom, there are
no winners. With the oil price forecast looking grim for 2015, the OPEC giant
can simply buckle down and wait. The fall of oil and natural gas prices is a
boon to U.S. consumers and the economy. But the experience of the “lost decade”
after prices slumped in 1986 suggests rebalancing could take longer than some
OPEC members and market analysts expect. More… 
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