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Dec 14, 2015 11:57pm EST
, growing countries like china have an enormous energy need and they will continue to look for resources for those energy needs to be met. in today's market, where there's robust supply, it would take a significant disruption, maybe somewhere around 5% to 10% to really disrupt the market. to give that a sense of perspective, today's global production is approximately 94 million barrels per day. the isis oil production is about 35,000. so that's somewhere between one-tenth less -- less than one-tenth of 1%. it's clear though that this is a constantly shifting dynamic. and in a tight market, a very, very small amount of disruption can have a very, very significant impact. so i think today's discussions are about where and when we might anticipate disruptions and what to do about them and as i predict we will probably talk a lot today about actually following the money of where the oil revenue is going as a way to fight isis. in yesterday's armed services committee hearing, defense secretary ash carter laid out the strategy in degrading isis' oil structure. he said, we have intensified the
Search Results 0 to 3 of about 4 (some duplicates have been removed)