Oil macro analysis, page-480

Nice summation, ozpolar. Oil demand I think grew 1.2% last month and USA oil production shrunk by over 700,000 per day. Outside of the middle east, there must be a lot of small fields that will be exhausted in the next 1-8 years and with oil being low no one will commence any development of any new small fields either. We never here of much unrest in Saudi, but there must be some. Youth unemployment at over 30% and with a lot less oil revenues to splash around, how will the Saudi royal family keep in control. If Saudi has a revolution, what price oil.