re: OPEC Meeting

If you're talking from an OPEC side, yes. All other oil companies (non-OPEC affiliated) produce the maximum amount of oil possible. To SI a capable producing well due to oil prices is a business model I've never heard of... That's like saying you stop flying airplanes until people decide to pay more to fly. Market share is only a major deciding point for the OPEC guys. The only way a company would do that is if they are unwilling to allocate the funds for a workover, then bring the well back online.