[ennui2]

Most peace on the world stage is held together only by a mutual aversion to war while both sides hold onto long-standing resentment. You see this in US china and US russian relations, for instance. But it's also true of many ME countries, which is why a lot of what passes for unity is just countries trying to bind together on the basis of "the enemy of my enemy is my friend" (i.e. hating on Israel or the US). Without their chosen whipping boys, they'd turn their knives inward. It's the same sort of stuff going on with Trump's xenophobic rhetoric. An insecure populace is all too easily led as long as you construct a suitable external threat. It a simplistic and comforting thought, but ultimately silly to assume that the US pulling back into a strict isolationist stance would result in peace in the middle-east.

[Plantagenet]

Exxon and Anardarko have just announced that two new large oilfields are just coming on line and beginning production now. It seems nutso to be bringing new oilfields into production now in the middle of an oil glut, but it takes 5-6 years to bring an oilfield into production, and this is the culmination of work begun 5-6 years ago.

While not as big a deal as Iran coming into the the world market, these two new oilfields will add another 200,000-300,000 bbls/day to global oil production, making the oil glut even worse.

Two-New-Oil-Projects-Come-Online-Adding-To-Glut

[Plantagenet]

$this->bbcode_second_pass_quote('pstarr', 'D')id you actually read the article?

[Plantagenet]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('Plantagenet', '[')color=#0000FF]200,000-300,000 bbls/day., Together the three fields will produce more than 200,000 barrels of oil per day, will produce more than 200,000 bbls of day it means some value in excess of 200,000 bbls/day, 200,000-300,000 bbls/day, 200,000 bbls, 300,000 bbls/day, 200,000 bbls/day when the article clearly says the production is going to be north of 200,000 bbls.[/color]

Get it now?

Cheers!

[kublikhan]

That story was from last year:
$this->bbcode_second_pass_quote('', 'P')osted on Wed, 21 January 2015

[ennui2]

[Cog]

Since it happens so often pstarr is probably used to it. Sort of like a battered wife.

[Plantagenet]

Here's a curious one....

US Government pledges to help fund 18 billion dollar oil pipeline needed for Kenyan oil exports

Kenya-Hoping-to-Export-Oil-Despite-Global-Downturn

Strange how, even in an oil glut, the US government is doing everything it can including paying part of the bill for Kenya's oil pipeline, especially since the US govermrent delayed and then blocked the Canadians from building the Keystone Pipeline from Canada to the US.

I guess its OK for Kenya to export oil during an oil glut, but not for Canada for export oil doing an oil glut?

[ennui2]

$this->bbcode_second_pass_quote('pstarr', '
')promises for oil production that never showed.

[GregT]

$this->bbcode_second_pass_quote('ennui2', 'A')n insecure populace is all too easily led as long as you construct a suitable external threat.

[GregT]

$this->bbcode_second_pass_quote('Plantagenet', 'I') guess its OK for Kenya to export oil during an oil glut, but not for Canada for export oil doing an oil glut?

[sparky]

'
I'm a bit puzzled the oil and gas article mention some industry numbers

Arkutun-Dagi
"Once it hits its stride, the company said, it is expected to produce 90,000 barrels a day."

Lucius deepwater
"ultimately ( ? ) will generate 80,000 barrels of oil a day."

that's amount to 170.000 barrels "ultimately " !!?

It's nice but very much less than the numbers tossed around

[Cog]

$this->bbcode_second_pass_quote('GregT', '')$this->bbcode_second_pass_quote('Plantagenet', 'I') guess its OK for Kenya to export oil during an oil glut, but not for Canada for export oil doing an oil glut?

[Plantagenet]

$this->bbcode_second_pass_quote('pstarr', '.')....outdated promises for oil production that never showed.

[Plantagenet]

$this->bbcode_second_pass_quote('GregT', '
')
you were ..in a tizzy about the exploding oil trains exporting ..oil from Canada to the US ...