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Withnail1969
Zeihan on Geopolitics
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Comments by "Withnail1969" (@Withnail1969) on "Will Saudi Arabia Start an Oil Price War? || Peter Zeihan" video.
Trump doesn't decide if more oil is produced in the US or not. The market does.
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Saudi Arabia could not possibly increase production by 3 million barrels a day.
3
The US does not produce enough heavy oil suitable for making diesel any more.
3
That's in fact what happens, they don't shut in producing wells.
1
They don't shut in wells if they are producing. That's a fantasy of Peter's.
1
@neolithictransitrevolution427 That's right, I believe in fact that there isnt enough heavy oil available globally to go around and I think that's part of the current economic problems and tensions
1
@neolithictransitrevolution427 I'm not sure Venezuela has much to export any more, a lot of what they have just isnt useable without hydrogen cracking and there's no spare natural gas there to provide the hydrogen.
1