Gregor McDonald debunks what he calls Spare capacity theory: the assumption among western...

|By:, SA News Editor

Gregor McDonald debunks what he calls Spare capacity theory: the assumption among western bankers, policy makers, economists, and stock markets that OPEC producers can lift oil production at will, and, export all of that spare production to world consumers. OIL +3.6%. BNO +4.1%.