[BeauBo]

It is going to be hard for OPEC to keep production cuts, when member states are under such pressure.

[Jonty30]

Thank goodness that Obama sent them $1.4 trillion to keep them going. Who knows what might have happened without that lifeline.

[vetvetdoug]

There goes my investment in Iraqi Dinars....they will never revalue like the Kuwait money did.

[BradyLS]

Man, I hope the stimulus meant the end of giveaways to foreign governments.

I know. I crack me up, too.

[Cyclops08]

sell your cheap oil to us. we’ll fill our reserves.

[wastedyears]

Let them drink it.

[Newbomb Turk]

The middle east screwed us for two decades.

My sympathy level is less than zero.

The can eat the sand that is there.

Been there twice. We should have just cratered the place.

[Wuli]

“It is going to be hard for OPEC to keep production cuts”

Saudi Arabia, OPEC’s largest member, and Russia have not CUT production (yet??), they are both running full steam ahead and plowing the price down to new floors. The price would not be so low, and smaller producers like Iraq would not be taking as large a revenue hit if the Saudis did CUT production, as they should, to lift the price per barrel of what is produced.

I have wondered if the Saudis are not intentionally trying to hurt the smaller producers.