Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on March 12, 2012
Kuwait Pumped 3 Million Barrels a Day in February
Kuwait pumped about 3 million barrels of oil a day last month, Farouk Al-Zanki, the chief executive of state-run Kuwait Petroleum Corp. said.
KPC has a contingency plan if the Strait of Hormuz at the entrance to the Persian Gulf becomes closed, he said today in Kuwait, without providing any details. Demand for the company’s crude oil “still looks good.”
Brent crude has gained 16 percent this year in London to about $125 a barrel mainly on concern conflict with Iran could choke off oil exports from the gulf, limiting supply.
One Comment on "Kuwait Pumped 3 Million Barrels a Day in February"
BillT on Tue, 13th Mar 2012 1:44 am
So? Can they do that EVERY day for years? Or is it a once off that they are exploiting for propaganda? Oil prices are not going down, barring a world wide depression and monetary collapse. If that happens, there will be no gas to sell.