I wonder who these “oil experts” are? I believe they are somewhat related to the oil industry. Anyway, oil industry always has their stupid excuses to jack up the price. A while ago they always use refineries need to be maintained. Then the newer excuse is they are maxing out their production. That is their trick to inflate the price. Nothing more than that. A good example is if a builder wants to sell the houses they built fast and profitable, they always release news that most of the units are sold and only a few left during the bubble time. And there are flocks of ppl go buy the houses. They share a lot of similarities.
Arraya: “Dude, production has been stagnant for 4 years. Let me put it another way, they can’t pump at a higher flow rate. Wake up and smell the peak it’s all downhill for here.”
Of course they don’t want to pump at any higher flow rate because they want to exchange their dark gold with our real gold. This is called market manipulation or price fixing. Do you really listen to them?
