jim_p, hello,
WNR - Woo Woo! - another RRI?
My question, on world oil supply: You mentioned that, although prices hover near records, supply is not significantly increasing. How much of this do you think is due to nationalization and parlay on the part of governments to change the deal (Russia, Nigeria, etc, in other words, a shifting business model in favor of nations instead of operators) as opposed to simply being a function of the harder-to-find-and-extract factor?
Second - How much of the record prices and demand difficulty is really a result of insufficient infrastructure - lack of refining, lack of storage and transportation capacity, etc, to keep up with ramping world demand?
Just wondering what these impacts are, based on what I am seeing. Thanks a lot as always
Regards to all
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