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You've made a reasonable argument but as we've often learned, reasonable arguments are often contradicted by fact. Want to do everyone some good deed? See if you can validate your argument from actual data. It's a good argument but basing conclusions from it is premature until we can validate it. Good luck!
Ghawar Is Dying
The greatest shortcoming of the human race is our inability to understand the exponential function. - Dr. Albert Bartlett
I think the oil shocks from the 70s provide some good data. Gas station closings and "out of gas" signs, coupled with rising gas prices, induce panic buying and hoarding, drawing down stocks faster, increasing the likelihood of dipping below the MOL.
Well, where is the data? Just because certain events occurred doesn't mean they were related unless we can show that. I'd love to see some correlation between these factors that looks reasonable so where is it?
Ghawar Is Dying
The greatest shortcoming of the human race is our inability to understand the exponential function. - Dr. Albert Bartlett