- Sep 19, 2011
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They did so BEFORE Biden's begging!Read the link to the article on page 1.
OPEC has agreed to increase production 400,000 bpd over the next 4 months.
"OPEC+ agreed in July to boost output by 400,000 barrels per day a month starting in August."
He needs more!
Estimates of production costs of various petroleum products.
The reality is not that we are "running out of oil," but rather that we are transitioning from a period of easily-accessible oil at low prices to an era of increasingly unconventional production, which has higher costs.