Meh, Even though I am an investor in U.S oil production this kind - TopicsExpress

Meh, Even though I am an investor in U.S oil production this kind of bugs me. I am not sure where MSN got their information but apparently the Saudis will cut back on oil production to make the price go back up again. While this is good for my portfolio, I am rather annoyed that people would insist on these prices staying so high indefinitely. I remember, not too long ago when i thought $1.60, a gallon was extremely expensive for a gallon of gas. Apparently shale oil production that is booming here is not profitable under $80 a barrel anyways so a lot of American oil production would stop there anyhow. Why not at least let it drop to $85 a barrel and maybe let us have $2.50 a gallon gas for a while. Sorry for the rant, this probably belongs on my blog instead.

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