I would be fairly amazed if it doesn't spike by the end of the summer. The Saudis may be able to pump a lot of oil, but the delivery chain has limits. However t

I would be fairly amazed if it doesn't spike by the end of the summer. The Saudis may be able to pump a lot of oil, but the delivery chain has limits. However the market has been buying less oil recently since the combination of financial crisis and high prices, so there currently is some slack. Once that gets filled and the price starts going up again it will probably spike immediately as everyone simultaneously thinks it is their last chance to buy low.