Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marc chatman who wrote (24688)	6/25/1998 12:59:00 AM
From: Douglas V. Fant	Read Replies (1) of 95453

marc, Non-OPEC production has risen significantly since 1973. But note that daily world oil demand has also simultaneously risen from around 50mm bbls/day in 1973 to 72mm bbls/day in 1998- that's a lot of oil in any scenario! Main sources of possible additional Non-OPEC production- some in Venezuela; Colombia (if the guerillas cooperate); Equatorial Guinea; and Norway. Russian Fields need work; Khazakstan and Azerbaijan lack pipeline capacity; China no extra capacity; UK and Ecuador a little bit of extra capacity; Sudan no pipeline for two more years; Yemen some additional capacity IMO. Not a perfect scenario but in producing 72 mm bbls/day worldwide, the market has less slack than what appears at first blush... Sincerely, Doug F.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next