Dobie Langenkamp Quotes

Most people don't believe OPEC has a lot of spare capacity. But the fact that OPEC is attempting to moderate the price shows a desire to maintain a price that does not depress Western economies.

- Dobie Langenkamp

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People | Opec | Spare | Capacity | Fact |

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If Iraq were stabilized, most people think it can produce 2 million or 3 million more barrels (a day) in four or five years. Three million barrels would have a dramatic impact on the price. - Dobie Langenkamp

Most people don't believe OPEC has a lot of spare capacity. But the fact that OPEC is attempting to moderate the price shows a desire to maintain a price that does not depress Western economies. - Dobie Langenkamp

They've been burned before. If oil companies had confidence in $40 oil, we would see a substantial increase in development and production. - Dobie Langenkamp