Bob Mcnally discussing Saudi Arabia’s oil production

3 Comments on "Bob Mcnally discussing Saudi Arabia’s oil production"

Rick on Tue, 27th Mar 2012 3:14 pm 



It’s all about Peak Oil folks.

Kenz300 on Tue, 27th Mar 2012 8:37 pm 



China and India continue to use more and more oil every day while there is demand destruction elsewhere in the world. Individuals, business and politicians need to develop a plan to deal with higher prices and limited supplies. Ignoring the issue will not make it go away.

Sandra Cass on Tue, 27th Mar 2012 11:06 pm 



McNally understands better than most analysts that it is the physical oil market that is dominating our world – not some chimera called speculators.

The facts are a tad overwhelming – the
Brent price has gone from $12.75 (annual) in 1998 to today’s price above $124.

And the very impressive world oil business, with all of its technology has been unable to increase production since 2005.

We are living in peak times.