Trapped! Non-OPEC Oil Production Ceiling

Written by Gary North on March 2, 2012

OilNonOPEC

If the economy recovers, oil demand will soar. The price will rise. It is already over $100 a barrel. The USA is dependent on non-OPEC suppliers. So is almost half the world. To see whether the free market will respond, ask yourself: Has output increased since the decline in price to under $40 in 2008? […]

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