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I add one thing I noted in the tables Jérôme linked: Venezuela! While others could exceed their quotas (especially Algeria), Venezuela consistently fails to meet its own, production is roughly level with a slight downward trend.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Tue Aug 9th, 2005 at 08:59:08 AM EST
About $100/barrel oil by year's end - I'm not sure, the current rise could have a similar speculation element like the Euro's rise in the previous year; but over the next few years, certainly. It's not long before demand reaches maximum supply level (or the other way), not 1.5 million barrels/day below.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Tue Aug 9th, 2005 at 09:01:25 AM EST
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