It will be very interesting to see whether ANY of these savings are passed on to consumers. Oh wait. Never mind.

I think we already know the answers to that particular question.

I wonder if OPEC realizes yet that it cut its own throat in an attempt to try and cut out American tight oil producers?  The longer the US can produce oil from Bakken et al (to say nothing of our excellent Tar Sands production) the more technology can be developed that will make things even cheaper. (perhaps I am too hopeful).