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DewDiligence

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DewDiligence

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Re: DewDiligence post# 15022

Wednesday, 09/13/2017 1:25:56 PM

Wednesday, September 13, 2017 1:25:56 PM

Post# of 29295
Disparity widens between OPEC production and OPEC exports:

https://www.wsj.com/articles/saudi-arabia-pushes-opec-on-new-tack-to-curb-oil-supplies-1505295002

OPEC has cut nearly one million barrels a day of oil output in the past year… Oil exports from member countries have also declined, but by a significantly smaller margin than production cutbacks. …some OPEC countries are selling oil out of storage or reducing domestic consumption, leaving more crude available to ship overseas.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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