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However, investments have fallen sharply and we are not preparing production for the years 2019-2020, at this rhythm, there could be a shortfall of supply and a counter shock. There could be a shortfall of about 5 million barrels in that horizon, which is a lot. All of this because volatility has been extreme.
We are all still investing in projects we decided in 2012-2013 and 2014. These projects will be put in production in 2016, 2017 and still 2018, i am not sure we participated in the stabilization of the market, but you know, there is only one good reaction when you face a crisis, that is to be selfish and produce as much cash as you can.
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