It is absolutely incorrect to say they do not need the revenue, they have an economy based on oil, period, the government takes roughly 80 percent of revenues annually and leaves 20 percent for continuing operations. Of course they control OPEC, they are the largest producer but I can assure you all decisions favor themselves. As I have stated several times their strategy is one of maintaining market share, they are not interested in the lowest possible price but also they are not looking for the highest possible price either because they know the world economy can not absorb those price shocks. The notion that Saudi could break or seriously cripple the U.S. oil industry is frankly ludicrous, The US industry is dynamic in a way the the Saudi industry has never been and never will be. Producers and Drillers in the US can ramp up or down in short order and have done so many times over the years, that is the difference between state controlled behemoths and free enterprise. The current oil supply situation was born and bred in the USA.
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Today's Featured Article - When Push Comes to Shove - by Dave Patterson. When I was a “kid” (still am to a deree) about two I guess, my parents couldn’t find me one day. They were horrified (we lived by the railroad), my mother thought the worst: "He’s been run over by a train, he’s gone forever!" Where did they find me? Perched up on the seat of the tractor. I’d probably plowed about 3000 acres (in my head anyway) by the time they found me. This is where my love for tractors started and has only gotten worse in my tender 50 yrs on this “green planet”. I’m par
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