Comments (4)
No. 1-3
SKCaBkr
SKCaBkr

Hi Sean, do you think the Saudis still have much influence over the price of oil given that the U.S. production has grown so substantially (and their OPEC members don't keep to their production commitments)?

Sean Hyman
Sean Hyman

Editor

Sure. They still control about 1/3rd of the market and they act in their own interests which requires higher oil prices over time than they are now.

SKCaBkr
SKCaBkr

Ok thanks, did not realize it was still that high.