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Politics : Formerly About Advanced Micro Devices

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To: Broken_Clock who wrote (1375516)	9/28/2022 9:21:57 PM
From: Doren	Read Replies (2) of 1573902

Funny... none of your articles has anything to do with Biden. They prove my point. Thanks! As I said 1% - Nassar in your 3rd link says 1.5%... slowing from 85 to 65 = 25% better mileage. FROM YOUR LINKS Meanwhile, OPEC+ keeps falling well short of its production targets, and this will likely continue. In addition, some analysts expect the cartel to implement more production cuts, further squeezing global supply. In the U.S., inventories in the strategic petroleum reserve are at the lowest in decades, and this has worried some. Others, like Robert Rapier, have pointed out that the SPR is not as vital for the country’s supply as it used to be decades ago when the U.S. was heavily dependent on oil imports. ======= Meanwhile, OPEC’s production shortfall last month reached 3.58 million bpd—a figure equal to some 3.5 percent of global demand—and the United States continued to sell oil from its strategic petroleum reserve. These seemingly unrelated news reports do have something very important in common. Both clearly suggest a supply shortfall on a global level is imminent. Throw in the news that Russia’s oil exports could fall by some 2.4 million bpd after the EU embargo enters into effect in December, and an oil shortage becomes more or less unavoidable Oil demand has remained resilient in the face of a multitude of challenges, and even prices of over $100 per barrel failed to curb it in any significant way earlier this year. ======== Nasser estimated that spare oil capacity currently only accounts for a mere 1.5% of global demand. That's a severe lag, largely due to chronic underinvestment in oil and gas production in the industry – an issue OPEC+ has also blamed for being behind soaring energy prices.

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