Saudi Arabia needs minimum of $80.00 just to stay alive.. OPEC leader will make sure Oil doesn't swing towards $80
Supply and Demand doesn't dictate Oil prices.. Saudi and the US Gov't does
Remember before the Presidential Election.. Obama already told the people Oil price is not going to go down. (Bam understand the Saudi situation.. price are now set at a higher premium than $80 oil)
This year 2013.. Oil price is heading much higher .. i can tell you right now Oil price going to be way higher than $100.00
If you're smart.. load up more BPT
US and Saudi needs each other.. US Super Power comes from our one and only dominant US Petrodollar.. eliminating the Saudi is like killing the US Petrodollar.