|
|
|
|
|
|
Jens 'n' Frens |
|
|
|
|
|
This oil piece plays up the possibility of political turmoil in Saudi Arabia, on the grounds that not only do the Saudis produce 8 million bbl of oil per day, but they also have better capacity than most countries to pick up the slack if supply drops off elsewhere. What might be more important, though, is that this excess capacity only amounts to 3 million bbl/day, against an 80 million bbl/day -- and growing -- global demand. Other regions may also have some excess capacity, but from what I understand, not much. |
||
