Quote:
Originally Posted by mikey_the_redneck
Smells like dis-information.....
There is plenty of oil. If/when the price of oil rises sharply, it will be the result of tension in the middle east imo. The current concern is the potential disruption of oil traffic through the Suez Canal.
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+1,
Opec still controls the price by withholding supply. No one is running at max capacity for extraction right now.