bloomberg.com - 4/26/2009
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April 25 (Bloomberg) -- The International Energy Agency said the world may face a crude oil shortage by 2013 because of slower investments in oil exploration and production by OPEC members and other producing countries. “I can’t rule out the possibility of an oil supply constraint in 2013 and ...
bloomberg.com - 4/26/2009
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bloomberg.com —
April 26 (Bloomberg) -- OPEC and 13 Asian
countries urged greater oversight of oil and other commodity...
markets to prevent a surge in prices after the global economy recovers from the worst recession since World War II. Participants in a ministerial ...
(more)
OPEC, Asia Ministers Call for Oil-Market Oversight (Update2)
valueplays.blogspot.com - 4/20/2009
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valueplays.blogspot.com —
Oil has peaked my interest again, especially after
the fall today and the way it has risen...
with an irrational market. Today T. Boone Pickens said: Texas oil billionaire T. Boone Pickens on Monday reiterated his prediction that crude oil prices would hit $75 a barrel this year as producers scale ...
(more)
Looking at Oil Again....
theoildrum.com - 4/28/2009
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theoildrum.com —
This is a guest post by Nawar Alsaadi.
Nawar currently lives in Canada, but lived in Iraq...
until 1990. He still has close ties to the country, and has been following the situation closely there. Investors and global oil companies such as Shell ...
(more)
Iraqi Oil: Black Gold or Black Hole?
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Drumbeat: April 26, 2009
The Oil Drum - Discussions about Energy and Our Future —
IEA Sees Oil-Supply Crunch by 2013 on Slow Investment
(Bloomberg) -- The International Energy Agency said the world may face a crude oil shortage by 2013 because of slower investments in oil exploration and production by OPEC members and other producing countries.
“I can’t rule out the possibility of an oil supply constraint in 2013 and 2014,” Nobuo Tanaka, Paris-based IEA’s executive director, said in an interview in Tokyo today. “Investments have dropped, and if this continues, an oil crunch would emerge.”
Gulf OPEC sees ...
Monday morning links
The Mess That Greenspan Made —
TOP STORIES • Developments on swine flu worldwide - AP • GM to cut 21,000 US factory jobs, shed Pontiac - AP • Default Rates Reach ‘Eye-Popping’ Levels in March - Bloomberg • IEA Sees Oil-Supply Crunch by 2013 on Slow Investment - Bloomberg • G.M.’s Ever-Changing Art of Financial Forecasting - NY Times • The Restructuring of Global Oil Demand - Gregor • U.S. toxic-asset plan stirs fears - LA Times • The IMF's Gold Gambit - WSJ MARKETS/INVESTING • Flu set to bug Wall Street - CNN/Money • Oil falls below $49 amid uncertain outlook - AP • Gold ...
Iraqi Oil: Black Gold or Black Hole?
The Oil Drum - Discussions about Energy and Our Future —
This is a guest post by Nawar Alsaadi. Nawar currently lives in Canada, but lived in Iraq until 1990. He still has close ties to the country, and has been following the situation closely there.
Investors and global oil companies such as Shell Petroleum, Eni, China National Petroleum, and Exxon Mobile betting on Iraq are certain to be disappointed.
Ever since the fall of Baghdad in April 2003, we have heard about the unlimited potential for the Iraqi oil. Often news reports mention that Iraq has the third largest oil reserves in the world, and that Iraq's oil ministry has a goal of producing 6 million barrels/day of oil over the medium ...
Insights On Iraqi Oil
Daily Markets —
Insights On Iraqi Oil By Jim Kingsdale on April 30, 2009 | More Posts By Jim Kingsdale | Author's Website In early February I wrote about the upside potential for Iraqi oil production. Below is the opposite case as put forward recently by an EIS reader, Nawar Alsaadi, who has first hand insights on the issue. I think he makes a compelling series of arguments, all of which tend to the conclusion that Iraq is unlikely to provide the world with much more than it’s current 2.2 mb/d of oil, certainly over the next few years and perhaps longer term. Future Iraqi oil production is very important to projecting longer term global oil ...
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World Oil Production Forecast - Update May 2009
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When Oil Was Free
gregor.us 3/25/2009 — Were you alive when oil was free? Were you born yet? Did you have TV? Let me help: Oil was free about two months ago in January, when it traded around 34.00 per barrel.
Each barrel of oil contains about 5.8 million BTUs. Each American uses about 25 ...
Fresh Oil Supply Data from EIA Washington
gregor.us 3/12/2009 — The latest Intermational Petroleum Monthly is now out from EIA Washington. Using the July 2008 production high of 74.831 Mb/day as a reference point, global crude oil supply is now down 2 Mb/day through December of 2008, to 72.787 Mb/day. Though the ...
The Price of Oil
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Oil - Up or Down?
informationarbitrage.com 3/9/2009 — I was just watching the MacroTwits hour with Gregor Macdonald (@gregorMacdonald), and got to observe some very interesting banter about the hot topics of the day - SPX, USO, sovereign debt issuance, etc. But oil seems to be on everybody's mind. ...
Iran says still no balance in oil market - report
| Business News
in.reuters.com 5/25/2009 — TEHRAN (Reuters) - Iran's OPEC governor said the oil market was still not in balance and the producer organisation's work was "incomplete", the Oil Ministry website SHANA reported on Sunday. The comments by Mohammad Ali Khatibi made clear again that ...
Oil at 34.00 is Free
gregor.us 1/16/2009 — Perhaps we’re going to live in a global economy where oil is five dollars a barrel, and bread will be 25 cents a loaf. Until then however, benefactors are willing to give 100 million to Stanford to research alternatives to oil, and 100 gallons ...
Tight storage may lead to huge oil price drop
europe.theoildrum.com 5/12/2009 — The present contango in oil prices bears all the hallmarks of an oil market where supplies are well above present fundamental physical consumption.
The recent large inventory build of petroleum, under a steep contango which now is flattening, ...