RE:I guessbago wrote: Iraq would be willing to freeze. As they are at full tilt and need money to increase producion at this price it isn't happening. Just a matter of time when the relentless demand wil outstrip supply as supply won't be able to keep up with a low oil price......mgba
https://peakoil.com/production/why-iraqs-oil-production-has-reached-it-limits
Welcome back Bago. No one ever leaves stockhouse forever lol. ( unless you go broke ) . Yes it's just a matter of time and when it does happen it'll make your head spin so fast you won't even see it coming. If they don't raise the price of oil soon with all the lack of investing and oil producing countries collapsing. This could turn into an energy emergency. No wonder everyone is stockpiling as much oil as possible. China is the highest I think. I heard they are trying to stockpile enough oil to last 200 days when the energy crisis hits. It's not if it's when.