Bruce Lanni Production Quotations

Production growth for most companies has been very elusive or nonexistent. Keeping it flat is a major feat.

There's a lot more value in both the integrated and independent exploration and production companies. They haven't moved at nearly the same pace as the oil service companies.

There's concern that Iraq knows it's in a position that if it pulls its production off the market it would have significant implications on moving oil prices sharply higher.

I believe OPEC will be forced into a situation to raise production if prices remain at high levels.