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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (28832)1/8/2004 8:27:44 AM
From: russwinter  Read Replies (1) of 206093
 
These OPEC production numbers looked shockingly bullish. A number of the primary producers (Iran, Kuwait, Nigeria, Venz.) are pushing their fields to the max (and Iraq is coming on line), and we still have five year low world oil stocks. SA is the only one showing restraint. No room for error from unstable places like Venz, Iran, Indonesia and Nigeria.

Dec
Algeria 1.2
Indonesia 0.985
Iran 3.8
Kuwait 2.2
Libya 1.42
Nigeria 2.275
Qatar 0.725
Saudi Arabia 8.6
UAE 2.25
Venezuela 2.5
OPEC 10 25.955
Iraq 1.95 1.85 n/a
Total OPEC 27.905 26.82

Current production capacity mid-year per EIA
Algeria 1.230
Indonesia 1.020
Iran 3.720
Kuwait 2.100
Libya 1.435
Nigeria 2.150
Qatar 850
Saudi Arabia 10.000-10.500
UAE 2.500
Venezuela 2.400
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