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Leondros · 03-09-2022, 05:06 PM

I am quite skeptical of OPECs ability to turn on the taps enough to meet demand and replace RUS barrels. Lots of the smaller members have operational issues resulting in them below their quotas anyway. Time will tell if the UAE and SA will be able to fill the void... If it proves they can't, oil is absolutely going to rip through that $200 ceiling real fast. The only downside catalysts at this point are Iran and Venezuela - both of which are fairly small.

03-09-2022, 05:06 PM	#6478
Leondros Powerplay Quarterback Join Date: Mar 2011 Exp:	I am quite skeptical of OPECs ability to turn on the taps enough to meet demand and replace RUS barrels. Lots of the smaller members have operational issues resulting in them below their quotas anyway. Time will tell if the UAE and SA will be able to fill the void... If it proves they can't, oil is absolutely going to rip through that $200 ceiling real fast. The only downside catalysts at this point are Iran and Venezuela - both of which are fairly small.