Quote Originally Posted by Pervilis Spurius
Russia appears to be pumping furiously and I would speculate Iran is cheating on OPEC calls for cuts.
Interesting article here.http://biz.yahoo.com/seekingalpha/07...6_id.html?.v=1
What's Really Behind The Latest Crash in Crude Oil?

Don't agree with all of the article, but it certainly shows Russian production taking off. Iran and Venezuela breaking OPEC production cuts certainly helps Russia as well here.