Jonathan Christopher

Considering a Position in Oil Again

To those of you who do not think additional oil supply is showing up on the market, there are three points to consider:

1. Iraqi oil supply has gone from near zero four years ago to 2.4 MBD today and is headed to 6 MBD within 4 years
2. Natural gas supply from coal fields has resulted in an INCREASE in US gas production within the past 12 months, and can head much higher, displacing oil in the US, and elsewhere.
3. The Saudi's are bringing a new oil field on line, possibly within 12 months, with a capacity of 4 MBD.