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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (32467)	3/14/2003 9:39:04 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

Nope, it also doesn't show Iraq blowing up their own oil facilities and then launching a few scuds at the Saudies and Kuwait's oil facilities. It also doesn't show a rocket being fired into one of our refineries or a tanker being blown up by an explosives laden recreational boat.

To: MulhollandDrive who wrote (32467)	3/14/2003 11:12:35 AM
From: X Y Zebra	Read Replies (3) \| Respond to of 57110

This and other important facts about oil Oil Supplies, National Security and Iraq IRAQ POTENTIAL: Oil reserves of 112.5 billion barrels - 11 percent of the world's proven reserves (only Saudi Arabia has more). Incapable of becoming a major supplier of energy worldwide because it has not complied with U.N. requirements that would allow it to fully develop its oilfields and introduce modern technology. If Iraq were to establish a politically stable environment, it could attract the investments needed for the successful exploration and development of its oilfields. IRAQ PERSPECTIVE: Before nationalization in the mid-70s, U.S. and British oil companies played a major role in developing Iraqi oil. *More recently, China, France,* Japan and Russia have negotiated contracts to develop oilfields. Mon dieu, oh la la, sacre bleu, Pepe le pew et all zat jazz... -g ** Peak production: 3.5 million barrels a day, before the war with Iran in 1979. IRAQI PRODUCTION: Production in the 4th quarter of 2002 was 2.3 million barrels per day (B/D). Supplies about 1.5 million B/D of crude oil to oil-consuming nations, less than 2 percent of world supplies. Officially exported some 1.2 million B/D through late 2002 - about 449,000 B/D (37 percent) of that came to the United States. EIA says another 200,000 -300,000 B/D was likely exported illegally. Its oil constitutes 2.3 percent of total U.S. consumption (2.6 percent in 1989) Comparisons: 9.8 percent from Canada (1.9 million B/D) 7.8 percent from Saudi Arabia (1.5 million B/D) 7.7 percent from Mexico (1.5 million B/D) 7.3 percent from Venezuela (1.4 million B/D) more.... <there is quite a bit of info about oil demand in general and in relationship with an Iraqi conflict etc... apiinformation.org apiinformation.org © Copyright 2003 American Petroleum Institute. All Rights Reserved.