OTCPK:ICPVF - Post by User
Comment by
lunduon Jan 22, 2016 10:58am
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Post# 24483956
RE:RE:RE:RE:bankers
RE:RE:RE:RE:bankers
Snewguy,
You bring up the time when oil went down to $10. a barrel. So where is the "permanent" supply destruction from that event? It didn't happen. We have more supply now than ever before. Perhaps for a while there was reduced supply but nothing permanent. The world doesn't work that way. As I said before, we'll just have to agree to disagree. You keep talking about the Saudis' end game. How do you see it. Will OPEC capture more market share and produce 40,000,000 bls a day, and the Saudis produce their share of it, say 15,000,000 bls a day? And at what price? Because unless the Saudis manage to sell much more oil at a significantly higher price this end game strategy you talk of doesn't make any sense.
Lundu