Replies to post #2883 on Besra Gold Inc (BESAF)

[Spellbound]

>OPEC should jump at upping output at these prices...but they don't.

Maybe they can't?

Matt Simmons says that Gandahar entered into a state of decline back in 2001. The scenario fit Hubbert's theory to a tee until there was a spike in production after GW invaded Iraq. I believe the theory that the IPSA (Iraqi Petroleum Saudi Arabian) pipeline was employed to prop up the Saudi kingdoms claim of being the worlds highest oil producer through the outright theft of Iraqi oil. That would explain the mysterious spike in productivity immediatly after the invasion.