Pappy,
Glad to see somebody else is paying attention.
This is a standard response from OPEC, or any other corporate entity, for that matter, that has readily available in-country supplies of energy stock.
How many times has this happened in the past? Same old story.
Said producer A (Arab) wants to put producer B (Balkans, SA, whoever/whatever) out of business.
Try to kill the competition by temporarily lowering prices and crying wolf the whole time while doing so. Voila.
Its a phuggin businesss model, for God sake.
