2008-04-04 Saudi Production

Saudi Oil Production

Looks like even at current prices and with a relatively weak economy demand is holding up.

Tells me they probably keep hiking prices and spending the proceeds.

2 Responses

  1. Are we heading for an inflationary spiral? Given that commodity/agg
    demand has held up in a low-demand economy what is going to happen when the consumer comes back in the second half of the year as the market seems to be anticipating? There was an analyst on CNBC wearing a lapel-pin that said “Win” referring to the fight against inflation.
    It was a 1970’s Ford campaign artifact.

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