[Rodney King]

OPEC could not possibly push the price of oil to $70per barrel. Despite all of the gloom and doom, cartels really don't work very well, the incentive for each individual cartel member to cheat is too great. Plus, at like $35 per barrel a whole lot of currently un-economic wells in the US and elsewhere would suddenly become economic, and their production would come on line.

[billybudd]

Refer to my comment #54