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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (44623)5/12/1999 5:01:00 PM
From: upanddown  Read Replies (1) of 95453
 
Doesn't Saudi Arabia ALONE have the ability to pump 8 MBPD if they open up the spigots all the way??

Absolutely, they've done it before and they can do it again. 10MBPD would probably not be a big stretch. Lots of unused capacity in the world, particularly in the Persian Gulf states. The whole thing depends on producer discipline. Without it, you have $3 oil and a OSX around 20.
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