Nuvista Energy Ltd T.NVA

Opec spare capacity

[Carjack]

about 2 million barrels per day of unused capacity in the kingdom, somewhat over 1 million bpd in the UAE, smaller amounts in Iraq and Kuwait, is almost all that is available globally.

[Oldnagger]

There is much less spare capacity than people think. Nat gas is at capacity globally and as a result ammonia production is being throttled back . This will lead to food shortages which will mean that corn production will need to be diverted from ethanol production. Also coal production is tight as a drum. On top of all this ,the population clock continues to tick and fewer deaths from covid are