Monday, 19 December 2016

USA OIL PRODUCERS TAKE ADVANTAGE OF OPEC PRODUCTION CUT

This piece explains how the gamble by OPEC to cut production does not seem to be working, and in the worst of all worlds (for OPEC) the shale producers have upped their production to supply the shortfall. This, of course, is how free markets are supposed to work. So much for oil running out - no one factored in man's ingenuity. How the climate alarmists must be wringing their hands.

No comments: