RE:RE:RE:EIA since Jan 2014Ok someone with some credible opinions help me with this one.... 1st half 2016 - 40.8 million barrels of crude go into storage in us according to EIA 2nd half of 2016 so far - 7.7 million barrels reduced from storage in us according to EIA US production is down what about 1mpd from peak? It has flatlined now around 8.5mpd ish? Second Half 2016 - Iran, Iraq, Saudia Arabia & Russia all continue to increase production to levels well above where they were in first half 2016. Where was this extra oil going since EIA reports clearly show US stocks have "peaked" and look to be declining. If OPEC and Russia are actually faithful to this arrangement it should be very positive for oil prices.. As I said before the OPEC decision wouldnt a 3% cut to production make way for a 25% gain in crude oil prices? It is a real possibility if you look deeper into the numbers..... Very Confusedd