### Comment:
It's crude though, I think this is all due to US pumping and any Saudi production decreases won't have much effect.  
  
 Oil used to be $8/bl.

### REPLY:
That hasn't been since the seventies dude.  With inflation from 1974 till now, that price would be 40.64$.  So, the current price isn't wildly high compared to that $8 price from way back then.

### END.