OTCPK:VREYD - Post by User
Comment by
MustangMatton Jul 14, 2019 4:35pm
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Post# 29918453
RE:RE:Can a worms
RE:RE:Can a wormsI have been wondering about U.S.A production. At the end of 2018 they were at give or take 12 million barrels a day. According to the latest numbers they are at 12.2 with a peak so far of 12.4. They say they will end the year at 13 million. That's .8 million a day more in the next 4 months when the first 8 months grew 200,000.
All of this is supposed to happen with rig counts having fallen by 200 in that time. Something doesn't add up. I have heard the U.S has been selling off some strategic reserves into storage too. If this is true there has not been much growth this year at all.
Like I say something feels off with all the predictions calling for year over year growth of a million barrels and then another million in 2020 Cheers Matthew