- Jul 5, 2015
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Here is you random oil update. FJB. Gas prices will not drop, till WE pump out more oil.
Combined OPEC is producing 1.015 LESS Mb of oil a day than their quotas (Actual 24.85Mb vs Quota 25.865 Mb). OPEC+ deficit is 1.683 Mb of oil a day (Actual 13.26 Mb vs Quota14.943Mb, Russia pumps 9.75 Mb vs quota of 10.663, same quota as Saudis'). Every day market gets shorted by 2.698 Mb of crude.
Saudi Arabia in 2020 produced 12 million of barrels of oil a day. They now are pumping out 10.55 Mb a day. Their current OPEC quota 10.663 Mb. They did not agree to increase their production this week after the POTATUS begged and insulted them on the same trip.
FJB
Dems gonna bump him off before November. Kamala'a VP will be the next president. You read it here first...