[seahorse3]

Unfortunately, a lot of good threads were killed way back when with all the merges. There were some interesting PO forecasts by a group out of Kuwait and one from SA opining that PO would occur about 2014-2015. That's just from memory. I don't have the patience to dig those up either.

[kiwichick]

it may be mainly gas

[Toyota]

the problem that i see, is that our leaders a busy creating a problem with libya for some reason..? why support the islamic movment in Libya is beyond my belief..has this world gone upside down?

If you want low oil prices, then please stop making conflicts in the middle east..

And dont america have its own untapped oil reserves?

[Pops]

From Staniford at Early Warning:
$this->bbcode_second_pass_quote('', 'T')he OPEC report of Friday gave us a first glimpse of Saudi production stats for February. According to the data, production increased by about 300kbd from January. But December and January data were also revised up, so the data (see above) now show a pretty noticeable increase of about 0.5mbd over the last few months. The IEA will release their version of this in a couple of weeks, so we will get confirmation then. And obviously, March will make clear both the degree of loss of Libyan production, and the extent of any Saudi response.

[copious.abundance]

Confirmed: Jim Rogers is an idiot.

Saudi Oil Production up 450kbd in June

[Cog]

Up from what? Doesn't look like the Saudi's are up from anything according to your chart.

[copious.abundance]

It's not too hard to read the article title: Up 450kbd in June. From May, of course.

[Cog]

If SA has really raised that much in production, why is the price of oil hovering around $97/bbl WTI and $116.85 Brent? You would think a vast increase in supply would drop the price of oil dramatically.

[copious.abundance]

As everyone should know by now, supply and demand explain only part of the price of a commodity.

[Cog]

So you attribute the rise of oil prices to the dollar weakening? The dollar is actually stronger now that it was in 2008 when oil was $147/bbl. How do you explain that?

[copious.abundance]

$this->bbcode_second_pass_quote('Cog', 'T')he dollar is actually stronger now that it was in 2008 when oil was $147/bbl. How do you explain that?

[copious.abundance]

This bump is for p-the-starr who likes posting outdated charts.
$this->bbcode_second_pass_quote('OilFinder2', 'C')onfirmed: Jim Rogers is an idiot.

Saudi Oil Production up 450kbd in June

[Cog]

I don't think OF2 understands net exports as opposed to production. Please don't disturb him with that sort of information pstarr.

[copious.abundance]

$this->bbcode_second_pass_quote('Cog', 'I') don't think OF2 understands net exports as opposed to production. Please don't disturb him with that sort of information pstarr.

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('OilFinder2', 'C')onfirmed: Jim Rogers is an idiot.

Saudi Oil Production up 450kbd in June