RE:RE:RE:RE:API ?
Its inventible that drawdowns will begin to happen eventually and continue to happen consistently, Investment worldwide has been hammered over the past 2 1/2 years, This reduction in investment hasn't begun to show its ugly face. 1.3 MBPD increase in Demand year over year is nothing to scoff @ although the ULTRA BEARS say demand in "Decreasing" because the IEA reduced the increase in demand to 1.3 from 1.5 MBPD. The media will twist words to Manipulate to how they see fit. Inventories were roughly flat Second Half 2016, U.S yes can increase production but how quickly and by how much? OPEC spare capacity is at all time lows, So as I have asked on this board in the past. If demand continues it upward trajectory by the end of 2020 where are the extra 5.2 MBPD coming from?