a recent barclays research estimated OPEC's future capacity... it had Iraq showing a growth of 1.2 million barresl of oil per day. now i'm thinking they'd be lucky to stay static, given everything is going on.
the shale boom has been way overstated. their business can't support the costs of drilling. they are borrowing enourmous amounts at nothing interest rates to sustain production. these are very expensive barrels... these aren't DLS/SXY $30 to produce barrels, but more like $85 to produce barrels
hang tight i say
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