New data point shows that OPEC’s production hit highest level ever last month
I’ve written about energy issues a few times and been wrong as often as I’ve been right. One of the reasons predictions about energy prove so difficult is that data on oil production are so poor. But we do have a new data point out today that shows that OPEC’s production hit its highest level ever this past month. It’s just one piece of information, but it seems as if there was at least some additional capacity in the system.