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pi3573 (November 30, 1999 at 12:00 am)
for example lets talk about your quote.
"trillions of barrels in greenfields colorado"
where in Gods name did you get that bullshit info?
a bunch of rightwing garbage that what it is!
the suposed oil is shale and sand oil wet recovery requires about one barrle of water for every barrel of oil!
and its been there since the 1960s ITS NOT NEW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SO SHOW ME 3 MAJOR PRODUCERS INTERESTED OR DRILLING THERE RIGHT NOW !!!!
pi3573 (November 30, 1999 at 12:00 am)
theres just a taste of what I got lets see what you have to say?
NO OLD ARTICLES AND WITH AT LEAST 5 CITEABLE REFERENCES.
ALL OF MY SOURCES ARE REPUTABLE AND CITED AND
DATED THIS YEAR!
pi3573 (November 30, 1999 at 12:00 am)
Japan, the world's second largest economy, imports all its oil, 89 per cent of which is from the Middle East.
Asia's two emerging giants, China and India, are also heavily reliant on the Middle East for their oil, India for some 70 per cent of its imports and China for 50 per cent.Indonesia, which has withdrawn from Opec because it has become a net oil importer, used the fall in oil prices to cut subsidised fuel prices twice last month and plans a third cut later this month.
pi3573 (November 30, 1999 at 12:00 am)
However, it is the underlying fall in demand for oil, triggered by the global economic slump, that sent prices tumbling and may keep them low for much of this year, despite efforts by leading exporters to cut production.
Who are the winners and losers? Asian oil importers, from China and Japan to Singapore, are among the biggest beneficiaries.
Opec, the Organisation of Petroleum Exporting Countries, which controls about 40 per cent of world's oil supply, stands to earn US$444 billion
pi3573 (November 30, 1999 at 12:00 am)
SINGAPORE, Jan 5 What a roller coaster ride! It took more than four years for oil to go from US$35 per barrel in 2004 to just above $147 in July last year, but less than six months to go all the way down again.
The price of oil is now more than two-thirds lower than its peak last year, despite Israels military actions in Gaza raising concerns about disruption of Middle East supplies. This helped drive benchmark prices for oil 20 per cent higher last week.
pi3573 (November 30, 1999 at 12:00 am)
Oil stocks worldwide suffered from crude's collapse. Exxon Mobil Corp., Shell and BP declined by between about 16% and 18% this year, all still beating benchmark indexes, with the Standard & Poor's 500 Index down 41% and the U.K.'s FT-SE 100 losing 33%.
pi3573 (November 30, 1999 at 12:00 am)
'Stop the Bleeding'
"OPEC is trying very hard to stop the bleeding but it is chasing after something it can't control, another year of falling demand," Caruso said, now a senior energy and security adviser at the Center for Strategic and International Studies in Washington.OPEC and the U.S. Energy Department estimate oil demand will fall in 2009, after slipping this year. The International Energy Agency expects an increase, forecasting a 0.5% gain to 86.3 million barrels a day.
pi3573 (November 30, 1999 at 12:00 am)
OPEC Cut Pledge
OPEC pledged Dec. 17 to reduce production from 11 of its members to 24.845 million barrels a day. The group may meet again before a scheduled March conference if prices keep falling, Venezuelan Energy Minister Rafael Ramirez said Dec. 23. Prices rallied on Monday after Israeli air strikes in the Gaza Strip raised concerns that Middle Eastern oil supply may be disrupted.
pi3573 (November 30, 1999 at 12:00 am)
NOW WAIT JUST ONE MIN. I THOUGHT YOU SAID THAT THERE WAS "Oil is an infinite resource"
SOOOOO....
THAT WAS SWEET CRUDE OR JUST ANY OLD CRAP OIL? BECAUSE THERES A HELL OF A DIFFERENCE!
pi3573 (November 30, 1999 at 12:00 am)
Analysts expect oil prices to rise through the year to US$70 a barrel in the fourth quarter as demand improves and OPEC production curbs announced this month take hold. The U.S. economy may return to growth in the second half of 2009, reviving consumption in the world's largest energy user. Royal Dutch Shell Plc, Europe's largest oil company, has postponed an agreement on extending its Athabasca oil-sands project in Canada and also delayed a US$3.5 billion coal-to-liquids project in Australia. |
