Interesting. I'd like to know what the real numbers are. It's clear that some sources are misinformed--perhaps all of them. If the Saudis have very deep reserves of cash right now, and if they can break even at $38/barrel, I wonder that will play with the other members of OPEC. Will the Saudis part with some of their cash to keep their partners afloat long enough to accomplish the mission? What happens if the Saudis and the other members of OPEC reach a point at which the non-Saudis won't tolerate the blow to their income any longer? It's a dangerous game.
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"We're not innovating. We're selectively imitating." June Bernstein, Acting President of the University of Arizona in Tucson, November 15, 1998.
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