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"If they wait until September, what will happen is what happened in September 2000, when they could not increase production fast enough to keep up with demand".
Part of the problem for OPEC is that producers simply cannot reduce their production fast enough to match the drop in consumption.
And even if they do invest and innovate, the capacity to scale up production fast is hit because there are ever fewer consumers with rising real wages to buy the new products.
If Saudi Arabia, on its own, pursues volume, he reckons its rate of return would be an impressive 15%.The catch is finding the money needed to buy equipment and develop fields now, so as to expand production fast.
The PS2 launch is almost bound to be a popular triumph: Sony's main worry is whether it can ramp up production fast enough to satisfy those digital dream kids.
The result is that other countries--the Dominican Republic, the United States itself, where Cuban cigars are banned--have stepped in, making their own version of classic brands.The Cubans are fighting back, increasing production fast.
Similar(45)
"This allows them to change models, go from design to production faster than anyone at the present time.
Eric Chaney, chief economist at AXA, an insurer, says European firms are cutting production faster than slowing demand would require.
Analysts said the move suggested that OPEC members expected that Iraq might be able to ramp up production faster than was foreseen.
For some global milk producers, finding new markets is also crucial as they consolidate and expand production faster than their traditional, and mature, milk markets can grow.
While deploying the appliance quickly is a goal, it's really about getting the containers into production faster, he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com