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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (21835)	8/6/2009 10:30:05 AM
From: gregor_us	Read Replies (2) \| Respond to of 71479

45% of global crude oil supply comes from OPEC. OPEC also is currently sitting on some spare capacity. So, OPEC potentially could be providing close to 48% of global crude oil supply. You wrote: No, not at all. The average is between 60 and 80. I will assume you both carefully read my post, which draws a hard line of demarcation between the average cost of current global supply, and, the incremental cost of the net new barrel of supply. I will also assume your response is disuputing my take that the current cost of global supply is between 30-40 dollars per barrel. Now my question: Dividing the world between OPEC and non-OPEC, plase give me your average cost of current supply from OPEC, currently providing 45% of global crude oil supply. Then we'll see once you've priced 45% of global production, how we can get to your 60-80. Cheers, G