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Anne Korin's Oil Solution 2of7

C-Span 4 August http://www.musicman.com/mp/...  
 
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o8QWERTYo8 (6 months ago) Show Hide
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Yer gotta love those eyebrows !
YamaniNetsi (3 months ago) Show Hide
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o8QWERTYo8, drugs are killing your brain
Progressive75 (9 months ago) Show Hide
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No, OPEC does not always produce enough. Or have you forgotten the energy shocks of the 1970s, when OPEC played with the world markets.
HemiHead66 (9 months ago) Show Hide
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So what's your point? They stopped shipping us oil for political reasons, not because they couldn't raise output.
Progressive75 (9 months ago) Show Hide
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Especially the libertarians who avidly quote those parts of his book that suit them.
grimshawr (10 months ago) Show Hide
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wait i'm confused by her math.
opec produces 75% of the oil.
opec produces 32mil barrels of oil/day.
the world oil market is about 85mil barrels/day.

what?
Progressive75 (9 months ago)
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Progressive75 (9 months ago) Show Hide
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Not true. Korin states that OPEC sits on 75% of the world's REERVES, which is absolutely true.

She hits it on the head with her analysis, too - whenever anyone else increases production, OPEC reduces theirs to keep the price high.
jackfruit22 (4 months ago) Show Hide
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she said - opec sits on three quarters of worlds reserves and not the actual production.
documentLT (10 months ago) Show Hide
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She is amazing.

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