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Tuesday, December 8, 2015

Competing For Market Share -- John Kemp -- December 8, 2015

This is a most interesting graph put together by John Kemp. See if you spot what I've been saying all along:


Answer: Despite all the talk, and a $35 billion, 5-year program announced in 2012, to increase production, Saudi Arabia's production has remained incredibly stable over time.

By the way, Hubbert's Peak Oil theory seems to be either wrong, or the US curve is moving to the right.

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