More bad news for the Saudis.
I hope that oil production efficiency is growing as well.
Clearly this shows a need for an energy marketing board!
Modeled after the ever successful Raisin Administrative Committee. Under the auspices of the EPA/DOE/IRS.
The surplus natural gas, gasoline, heating oil... could be given to schools, the poor and the politically connected.
This in turn would cause most production to cease and drive prices to the moon.
At least they told what ECA Energy Corporation of America was but is IHS a High School or what?
The industry will get more efficient.