GREY:LSTMF - Post by User
Comment by
xblueboyxon Aug 20, 2015 9:55am
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Post# 24035213
RE:if OPEC didn't add 2 M b/d in prior 12 months
RE:if OPEC didn't add 2 M b/d in prior 12 monthsgreat post by The Chantel. a couple of comments: -I personally do not believe OPEC can maintain this output, running flat out, without causing water damage to their wells. I think this will actually pull back, as Iran starts up. so personally I believe the 35M is high (but I get it, worst case scenario) -agreed, cant compare this to the 80s when supply was greater than demand by 25% - not even close.