E-MAIL THIS LINK
To: 

Oil output freeze - meaningless, says US expert
The agreement on freezing the oil output at January levels, which has already received support from a number of countries, is theater and is not meaningful, Arthur Berman, an independent US geological consultant with thirty-seven years of experience in petroleum exploration and production believes.

“It has contributed to a sentiment-based rally in crude oil prices over the last several weeks but is otherwise meaningless,” Berman told Trend.
Gasoline jumped 40 cents a gallon last couple weeks in Chicago. That's some sentiment...
Energy ministers of Russia, Saudi Arabia, Venezuela and Qatar agreed to freeze the oil output at Jan.11 level. Later, Russia’s Energy Minister Alexander Novak said that over 15 countries have joined this initiative.

Posted by: Steve White 2016-03-05
http://www.rantburg.com/poparticle.php?ID=447881