MacroVoices #333 Harley Bassman: Inflation, Bond Yields, VIX vs. MOVE, Demographics & More
Macro Voices
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The Most We Could Produce Is 12 Million Barrels Per Day
President byden tried to get saudy arabia to increase production, but they said no. They did say they would make their best efforts to increase that maximum capacity to 13 million barrels over a five year period. Now i don't believe that they could even produce 12 million barrels. I think that at 11 million they're going to be producing as fast as they possibly can. And i think this war with souty russia will ultimately lead to a global energy crisis.
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