Sunday, October 19, 2008

OPEC Cheats: It Overproduces By 500,000 bpd

The chart above is from the Net Oil Exports blog, and shows the difference between: a) OPEC's official quotas and b) OPEC's typically higher actual production, demonstrating that "OPEC almost always cheats as a group. They over-produce by 500,000 barrels per day (bpd)."


At 10/21/2008 2:29 AM, Blogger OBloodyHell said...

As the eternal wheel turns, monopoly partners cheat.


At 10/22/2008 9:21 PM, Anonymous Anonymous said...

Is this a problem?


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