- In the following article reprinted from May 2020, Jim Puplava explained the difficulty OPEC nations face in producing more oil and why investors should position for a coming energy shock and much higher inflation.
- It is widely believed the Saudis could produce 12.5 million barrels a day leaving it with a spare capacity of 2.5 mbd. The truth of the matter is they have never produced at that rate.
- When it comes to oil, there are really only 5 key players: Saudi Arabia, Russia, US, Iran, and Iraq. Of the five, only Iran and Iraq have the greatest potential to increase production and for new discoveries.
For further details see:
Why The World's Energy Shock Will Continue