Thanks BumsOnSeats,I realise that this period of share price...

Thanks BumsOnSeats,

I realise that this period of share price weakness is temporary and represents a good buying opportunity.

The POO is only going in one direction - up! Saudi Arabia has announced that they will increase production, but from what I understand, this increase will come from heavy-sour oil which requires significant refining to be economical.

This is tantamount to an admission from Saudi that they are UNABLE to increase production of light-sweet, which is what the world needs to stabilise the POO. If this is the case, then speculators will push the POO much higher on fear of shortages.

I think I read on this forum that Grieves 18.X million barrels are if the light-sweet variety... ?