Oh no Skdog, the day I agree with you we will both be wrong!! 🙂

Nice that you agree with me for a change.

As to your other point on Opec not agreeing among themselves, just take a look the graph you provided. Some members and non-members have higher costs per barrel and are being hurt badly by the market glut. 🙂

Skdog, I put forth one of the reasons oil is being flooded on the market, there are probably others, i.e. the US is trying to destabilize Venezuela or Russia, maybe both, but rest assured many Opec members can not long survive the lowered price per barrel without major damage to their economies. 🙂

This is a story about coal. Please try to stay on the subject.

CalPers over portfolio is risky. It’s not just the coal stocks that matter.

$5 million out of an investment fund of over $300 billion? Come on, Bob.

As usual, Donk, your explanation makes no sense. OPEC doesn’t do itself any favors with predatory pricing, since the technology to extract oil sands will continue to exist, regardless of its immediate economic utility. The OPEC members are fighting among themselves about reductions in their production, but they can’t individually afford to cut back that far. Every OPEC member goes into net deficit when prices fall below $60 or so per barrel, with many having an even higher break-even point.

http://graphics.wsj.com/oil-producers-break-even-prices/

Simple rational thought process Skdog, Opec is trying to undercut American production costs and thus close down many of the smaller private producers in the US. You don’t seem to understand that the reason a barrel of oil is going down is because small producers have perfected the use of fracking and increased their production at little cost to themselves. Opec hates it, the eco-freaks hate it, and the fifth column RAGWUS feeders in government hate it too for some twisted reason I am sure, probably has to do with the lowered cost at the pump not translating into increased sales taxes. 🙂