If every refinery on the globe is running at peak efficiency, together they can produce 84 million barrels a day of gasoline, diesel, light and heavy products. The world-wide demand is around 85 million barrels a day of finished product.
Also, Take USA vs. China ....In the USA there are roughly 750 petroleum powered vehicles per 1000 Americans; in China there are about 14 petroleum powered vehicles per 1000 Chinese........IN CHINA THEY ARE ADDING 12,000-15,000 NEW VEHICLES PER WEEK to their highways....huge need for more petroleum products WEEKLY!!!!!
DEMAND IS GROWING AROUND THE GLOBE. UPDV is in the drivers seat; shareholder value will increase weekly as the company builds upon all of its new assets. OIL IS BLACK GOLD. IMHO.
To be is to do.(Socrates) To do is to be.(Plato) Do be do be do!!!!!(Sinatra)
