The Oil Drum: Water in the Gas Tank (Further Forensics on Saudi Oil Supply)

I’d like to start out this analysis by creating a lettering system for regions of interest in the Saudi production curve. The hope is to give us a common terminology for what we are referring to. I have lettered each separate feature (as I see it – we could always subdivide later if needed), so that we can debate what is going on at each phase. Here’s my scheme, superimposed on a graph that shows Saudi production at the bottom, oil rig count in the middle, and sales weighted price of OPEC exports at the top…
Much more after the jump to The Oil Drum.