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The Ferrari calculation is too high by at least two orders of magnitude.
Apr 11 17:25 pm
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All Comments by kevintx »Is OPEC Killing Itself? [View article]
WWI brought the League of Nations not the UN
Do you think OPEC can open a valve and release a flood of oil. The easy oil is running out. Actually its still cheap which is why there are no electric cars already. You can drive a monster vehicle weighing over 2000 pounds across town for a dollar, crazy cheap. Its only a crisis now for the poor countries. OPEC is developing prospects but there is no vast untapped fields like Ghawar.