Today’s Analysis OPEC: Losing Control Of Oil Markets?

Stratfor poses an interesting thought. With oil prices still above $40 per barrel, a country like Saudi Arabia, and for that matter, all OPEC countries, which depend on oil revenues for almost all their operating capital, should be pumping all the oil that they can get out of the ground, and should be looking for more.

But, they are not, which leads to the Stratfor conclusion: “All of this leads Stratfor to one inescapable conclusion: Saudi Arabia, the bastion of the oil markets and the producer of last resort, has no excess capacity.”

Rigzone