Quote:
Originally Posted by cfg83
Old Tele man -
I'm trying to extrapolate reasonable conclusions from the graph :
- Iran's output is falling *before* the Shah is toppled in 1979
- in 1980 Saudi Arabian output falls, maybe because of OPEC quotas.
- in 1988 Saudi Arabian output picks up to replace(?) falling Soviet output.
- USA slow and steady decrease
- China slow and steady increase
CarloSW2
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...yes, on ALL assumptions.
...and, the proverbial $64K question is "...WHY?..." is US production falling and China production rising?
• US 'running out' of oil or a
'Green-Peezed' instigated decline?
• US sale of oil assets to european companies (BP et.al.)?
• China doing more drilling or increasing production?