You continue to be very entertaining when talking about the oil industry.
Saudi Arabia is actually producing less oil now than they were last year.
They have also stated that Iran, Venezuela and others need to get their spending under control and quit believing they can hold the world hostage under high prices.
You are not an oil expert by any stretch of the imagination.
At best you are a laid off oil rigger, oil production office gopher or retired or laid off government bureaucrat in oil permitting.
You do not hold a degree in petroleum engineering nor have you ever worked with a statistical service covering the petroleum industry.
Your knowledge is barely rudimentary and your political expertise is zero.