Scott we've played that to death.. they have 70 million square miles they are allowed to drill, that has oil, but they are holding out so they can drill right off the beach to save some money. Gimme a break.
Saudi's again said today, no shortage, all contracts filled, no need to pump up production.. why wouldn't they pump up production if it meant more money for them?
They blame speculators. Speculators write nice articles for you to post in discussion boards blaming supply and demand...