OPEC not as powerful as it used to be
 

Saudis Vow to Ignore OPEC Decision to Cut Production



VIENNA ? Hours after suffering a rare setback in a negotiating session at OPEC?s headquarters, Saudi Arabian officials assured world markets on Wednesday that they would ignore the wishes of other cartel members and continue to pump plenty of oil.

it will become a fight for who wants the money

time to watch "crude awakening" :)

Funny how they don't mention that on CNBC.

I;m beginning to think CNBC is a cheerleader for bullish oil speculators