re: Update, May crude oil futures now down to under $12

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Let the Saudis sell oil for $17/barrel if that's what they want to do.

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You think that’s what this is - the Saudis are content to let the price sit at $17/bbl forever?



Their goal is to regain market share then raise the price.

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If having oil production is a national security issue then just pay oil companies a subsidy of $20 a barrel. It'll be cheaper to Americans overall and send less money overseas than the current price-rigging paradigm.

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Now you’re talking out of both sides of your mouth. You just said you were fine with the “current price rigging paradigm” when you said you have no problem with the Saudis trying to bankrupt their competition. So which is is - is OPEC price fixing good or bad?