Price of Oil Continues to Fall: Saudi Arabia Hints it May Increase Production

The reason for fall in oil prices: Saudi Arabia hints that it may increase production to step rise in price of oil. This will be interesting to follow, to see if Saudi can follow through on this. There are four issues: their wilingness to do so; their ability to do so; the necessary infrastructure in place to accomodate increased production at the wellhead; and, refining capacity. I am sure there is more than enough refining capacity but it will put pressure on heavy oils since refiners prefer lighter oils like the Bakken and the Saudi's oil. That comes to mind in light of the TransCanada Keystone LX story below.