Today, Russian President Vladimir Putin pledged to cooperate with Saudi Arabia’s proposal to reduce oil production in an effort to boost oil prices. Bruce Pile says that Russia and Saudi Arabia may not have as much control over oil production as it appears. His analysis indicates that after years of Russian and Saudi mismanagement of their giant oilfields, production could fall enough to push oil back over $100/bbl within a reasonable time horizon for investors. Bruce started his Marketocracy fund in January, 2001 and has outperformed the S&P 500 for more than 15 years now. Year-to-date, Bruce’s portfolio is up 24.60% which compares nicely to the S&P 500 which is up 7.84% over the same period. Before taking anyone’s investment advice, you should always check out their track record. Here’s Bruce’s . Russian President Vladimir Putin pledged to cooperate with Saudi Arabia’s proposal to reduce oil production in an […]