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crayz on September 20, 2005 - 12:02pm

Yep, they just killed the quotas. Article I read says the new oil will be coming as of October 1st, apparently just about all of it from the Saudis. Looks like the peak is ever closer

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Glenn on September 20, 2005 - 10:19pm

A cartel is only powerful if it restrains production. It loses this power at full production and therefore becomes irrelevant. Now any producer has the power to cause a spike in prices.

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Dave Cohen on September 20, 2005 - 11:06pm

Irrelevant!

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