That's kind of what I was saying in one of the first replies. The question is would they do something drastic to bring up the price of oil?
On a positive note, did anyone watch/listen to 60 minutes Sunday? They interviewed the oil minister from Saudi Arabia. It costs them $2 to produce a barrel, but I think it's $75 a barrel to run the country. They would like to see it stabalize around there and not havie these giant swings. They are developing a new oil field that they had to build a 450 mile pipeline, plus a 150 mile pipeline to the ocean to pump sea water and float the oil. This is on soft sand and used to be unfeasable, now with horizontal drilling, they can do it. They are working on developing technology to burn oil cleanly, it is in their best interest to keep us as a customer. They are also developing solar energy so they can be a net exporter of gigawatts of electricity.