*OT* Lee- Venezuela just announced that, as of next June, they will no longer hold to production limits, and will turn up full volume on oil production for the forseeable future.....(I hope you remember, but, I predicted this last spring...I believe we- you and I- got attacked by some goober telling us oil prices were going to go thru the roof this year...to the detriment of Dell and the market in general....)
Venezuela, Mexico, Russia (Iraq)....They will be selling as much as they can over the next few years...production agreements with OPEC are a joke..This, of course, is good for 1st world economies (no offense meant towards the countries mentioned...), and will support (non-producing) Asia as it slowly comes out of its slump....
Every now and then, I have to say I told you so! <g> Thanks for playing along....(Indeed, I'm thinking you were strongly supporting my position last spring, no?)..I'm too lazy to find my previous post... |
