[Locke]

Originally Posted by Ironhorse

Interesting article that evaluates Saudi Arabia's market share, which apparently hasn't really eroded all that much at all since 1994, and explores the idea that OPEC's decision has hugely backfired on them:

http://www.forbes.com/sites/rrapier/...iscalculation/

Wow! No way! Just randomly dumping as much oil into the market as possible and initiating a price freefall on that very oil totally backfired? Damn man, I'd never have seen that - said no economist or economics student or anyone who has ever heard of the mere concept of supply and demand even in passing ever.