MacroVoices #321 Ole Hansen: The Commodity Supercycle Has Begun
Macro Voices
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Soddy Arabia Doesn't Want 200 Dollar Oil
I don't think sauty arabia, or anyone else in opek has any spare capacity left. If they did, i think they'd already be doing what they could. I think we has to remember their satarabian tumping oil out of the same hole fofor the past wat forty, 50 years. The fact that they don't step in and temporary the say o, will mitigate that by producing more ourselves. That hasn't happened. And ed that does indicate to me they are pretty close to running a at full sot.
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