agree, now there will be increasing production after demand destruction and prices will collapse, at least in the short term...
a number of large megaprojects are coming on line this year and next
http://en.wikipedia.org/wiki/Oil_megaprojects
interesting to see the USA stopped filling the strategic reserve until prices were under 75$ for three months...
oil decline, page-2
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$64.13 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 1044 | $63.82 |
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