Re: Oil-Convo with Javier Blas, Bloomberg’s Chief Energy Correspondent.

Had a nice long chat today despite our London/Los Angeles time difference. Here are a couple salient points.

Key question on my mind has been the topic of OPEC SPARE CAPACITY. I mentioned that Cap One’s out-of-consensus view that GCC countries (especially KSA) were heavily investing in spare seemed at odds with this tidbit that Javier reported on:

Having known AbS for 20 years, Javier thinks that KSA oil policy under AbS will err on the cautious side. He thinks…