Reply #37: Meaning OPEC will be at 100% capacity by the end of this year - [View All]

[rman]

no more spare capacity beyond that.

And the 2 million/day they are going to add isn't that much compared to 80 million/day consumption, which is growing 3% per year on average.

Demand will continue to rise as economies grow, especially those of China and India - but then there's no more production capacity.