By SD Contributor SRSrocco:
When there was extreme volatility due to the huge inflation in the 1980′s, Middle East Oil Production fell off a cliff. However, you will notice that during all the BIG DIPS in oil production, the Middle East Consumption of Oil (RED), did not MISS A LICK… did it? Even though the rest of the world cut back on oil use, the Middle East did not.
Saudi Arabia is the 6th LARGEST OIL CONSUMER ON THE PLANET NOW!
All oil producers PEAK… just like Indonesia… who used to be a apart of OPEC.
THE FOLLOWING CHART SAYS IT ALL… [Read more...]