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Politics : View from the Center and Left

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To: Sun Tzu who wrote (303396)	6/30/2016 11:05:20 AM
From: Wharf Rat	Read Replies (2) of 541957

"Russian and Latin American oil production makes any meaningful leverage via Persian Gulf a half assed measure at best. " It's not about political leverage, it's about preventing global economic collapse. This was from 10/14. Don't kow whether he has an update. There are more graphs for Gulf nations. World Crude Oil Exports OPEC has released their Annual Statistial Bulletin 2014 OPEC exports peaked, so far, in 2012 at 25,068,000 barrels per day. Their exports fell by just over 1,000,000 barrels per day last year and I am betting they will fall further this year. Saudi Arabia’s exports barley edged up last year and in 2013 stood at 7,571,000 bp/d. Russian exports peaked back in 2007 though the EIA has them peaking two years earlier. Russian exports are down almost half a million barrels per day since peaking. There seems to have been a 600 thousand barrel per day difference of opinion about Venezuelan exports in 2005. It was 2009 before they got back together. peakoilbarrel.com

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