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Saudi Arabia, the go-to country anytime the world needs a bump in oil production, may have far...

Saudi Arabia, the go-to country anytime the world needs a bump in oil production, may have far less excess capacity than commonly thought. With levels so thin, expect "substantial spikes in the oil price from time to time," says a fund manager, noting the "inherent bias" towards overstating spare capacity.
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Comments (4)
  • Bear Bait
    , contributor
    Comments (689) | Send Message
     
    Please, when you make a statement like this, indicate if the fund you are managing does or does not have positions in whatever it is yuour talking about. I never was this suspicious before; but, I am now.
    14 Jun 2011, 01:26 PM Reply Like
  • alan.greenscam
    , contributor
    Comments (353) | Send Message
     
    Ya Ya here we go again, lets say anything to get the price of oil up, create more boring everyday fear mongering....... nothing, & I mean nothing ever comes out positive....... their's more oil in this world than their is fresh air...... lets cut the constant crap coming out every day!
    14 Jun 2011, 01:27 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Off course the supply are thin. Before only people from US used to drive Hummers. Now everybody's grandma in the world drives Hummer.
    14 Jun 2011, 01:31 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4066) | Send Message
     
    Overstating reserves is di reguer for oil companies. Why not for countries?
    14 Jun 2011, 01:53 PM Reply Like
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