[IMR 4350]

Probably not, it’s probably just to slow down drilling in this country.

At $80, with the cost of some of the wells being drilled there will never be a payout.

It will cost more to drill/complete than you will ever get out of it so you don’t get investors to put money into drilling.

No money, no drilling.

[Obadiah]

Yep, I want lower fuel prices, but I wouldn't put it past the Sauds to try and bankrupt North American oil production.

I think the 80’s Texas oil bust is the example here.

[shotgun]

I recall several years ago that OPEC was very distrustful of the US as they feared the US was intent on not drilling so as to allow OPEC to run out of oil.