[FreeReign]

Once the Muslums drive out the highly-leveraged operators in America, the prices will go higher than they were before. You can count on it. That is their end game.

Saudi oil production is down in 2014. US production is up. The Russians continue to produce more oil than any other country.

Not sure what you think the Saudis are doing.

[Paul R.]

Agreed, although I believe that if you add in natural gas liquids, the U.S. is actually now #1? Or is that in dispute?

http://www.bloomberg.com/news/2014-07-04/u-s-seen-as-biggest-oil-producer-after-overtaking-saudi.html

[crusty old prospector]

They are not really doing anything but rhetoric. The Eagle Ford and Bakken did not change the supply and demand of the entire world market but $100 oil did.