[Mr. Douglas]

I noticed there was a slight spike at the pump locally for a few days and it dropped again. I buy gas every two days for my commute.

[Zarro]

Hard keeping them lies straight, ay Josh?

[Gay State Conservative]

I've read that newer US (and Canadian?) producers have been able to lower costs and ramp up production on short notice.Under DJT I hope that drillers and producers are freed from regulations established by Obola’s “watermelons”.OPEC is the West's enemy.Russia is the West's enemy.Drill here,drill now!

[G Larry]

The cheating never stops.

They just hope the other guys comply for a while, so they can situate for better market share.

[apillar]

OPEC and the days of price controls are dead. Once oil hits the $70 range, the oil shale production will come back online and replace any OPEC cuts stabilizing the market in the $50-$70 dollar range. OPEC shots\ themselves in the head several years ago when they got greedy with the $100+ oil that allowed the oil shale industry to get off the ground...

[Obadiah]

All of this is just Kabuki to move the oil market higher, nothing more. Almost everyone understands that there is absolutely no agreement. It’s all posturing. Saudi Arabia and others are desperate for oil revenue. All this Kabuki raises the price oil while they cheat and maintain production. Only the traders are playing along because they personally benefit.

[RayChuang88]

Anyone who’s taken a college course in Economics know that cartels usually fail because of the economic incentive to “cheat” to sell a product at a lower price for each cartel member.