[taxcontrol]

I dont see any cut in production any time soon. Too many players that need too much money.

[proxy_user]

But owing to the elasticity curve of oil, they might each get more money by pumping less, provided they all worked together.

[thackney]

Actually, Saudi Production was down a bit in December.

Volumes from kingpin producer Saudi Arabia dipped last month by 50,000 b/d to 10.1 million b/d.

http://www.youroilandgasnews.com/news_item.php?newsID=126480