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Saudi Arabia cuts production below 10 myn bbls per day.
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paul the original
Posted 1/12/2017 08:36 (#5762189 - in reply to #5762173)
Subject: RE: Saudi Arabia cuts production below 10 myn bbls per day.


southern MN
Strikes, lockouts, embargoes, production cuts, etc.

They all are such double edged swords. Short term and long term effects. To both sides of the deal.

It will be interesting how it sorts out. Probably a bumpy ride over 2017.

The net effect might be a surprise.

USA has a lot more capacity than it used to. If politics allows it.

A pipeline from Canada maybe would have been a good thing, but some can't/ don't want to see it that way.

Well I don't want to be political, sorry.

Russia is a little different than the old ussr was also.

It will be interesting how it sorts out over the next year. We are in a different world than we were in the 1970s, both here and there. It's a bold play with different players.

Paul
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