The OPEC Report, A History Lesson, And A Geopolitical Reality Check

Ok, so OPEC is out with their monthly and some folks are surprised. But that figures because a lot of folks are always surprised or at least they pretend to be because if they're not surprised, then they can't write headlines that are designed to make you surprised and thereby get you to click. Here are the headlines via Bloomberg: OPEC Raises 2017 Estimate for Supply Growth From Rivals By 64% OPEC raises estimate for non-OPEC supply growth in 2017 to 950k b/d y/y, which is 370k more than p