I guess that threat by the Saudi’s to open the oil taps over Ukraine is having little effect.
Saudi willing to supply more Oil if Ukraine crisis causes a shortage
http://www.arabianbusiness.com/saudi-willing-supply-more-oil-if-ukraine-crisis-causes-shortage-549815.html
LOTS of Geo-political maneuvering going on in the run-up to next week’s historic Russia-China Oil/Gas contract signing.
IMO, that is also why Putin hasn’t made any moves to secure the Southeast, yet.
Somehow we need to reduce our dependency on world oil markets. Maybe a dotted line relationship as opposed to a solid line which exists today. The US is held hostage by every world source of oil and it should not be that way. American consumers need to be higher on the priority list. But how do you correct what we see??