Oil Market Structure Has Changed - I Don't Think They Have Any Reserve Capacity

Opeck announced that they were going to increase production by only a diminimous 100 thousand barrels per day. Bloomberg's havier blast, i think, gets the the comedy award for this week when he tweeded. I fear that president byden may have consumed more barrels of oil flying air force on over to jetta and back than opeck is going to release in extra production capacity in month of september. We're recording this show, before that s you'll have to check the the closing print yourself in order to find the answer to that one. But one way or another. I don't think the selling is over.