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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (5635)	11/24/2002 8:44:06 PM
From: kormac	Read Replies (1) of 24758

STRATFOR: Russian oil production is already at maximum levels, meaning that domestic energy companies would not be able to boost production significantly enough to take advantage of higher prices. AHAHAHA .... False. Marginal output was maximum at a given lifting cost about six months ago. Russia has shut in vast fields just like Saudi Arabia. In Russia's shut-in fields the lifting cost isn't economic at current world demand at less than $35. ---------------- What shut in production? Are you referring to these vast fields? ... Samotlor, Romashkino, Mamontov, Fedorov, Lyantor, Arlan, Krasnolenin, Vatyegan, Sutormin .... At what daily rate will they deliver when $35 price is exceeded?

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