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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (21918)	11/17/2004 5:18:55 PM
From: russwinter	Respond to of 110194

Primer on the emerging distillates crisis (nine straight weeks of drawdowns during the recent shoulder build period), 34.3 billion gals of 58 billion consumed is highway use diesel: eia.doe.gov Besides peak oil/new Asian demand, and lack of refining, this contributes. Time to pray for an historic warm winter again, the next summer for cool summer, etc, etc. Can't keep throwing 7s and 11s.: Mr. David Berry , Vice President , Swift Transportation -Testifying on behalf of the American Trucking Association Before the U.S. Senate Committee on Energy and Natural Resources "The U.S. Environmental Protection Agency (EPA) rulemakings have consistently required new on-road heavy-duty diesel engines to emit fewer and fewer pollutants. The most recent revisions to the emissions standards have resulted in significant fuel economy penalties. In fact, the technologies used to comply with EPA's 2004 heavy-duty diesel engine emission standards have resulted in an average fuel economy penalty of between 2% and 5%, depending upon application."

To: Wyätt Gwyön who wrote (21918)	11/17/2004 6:02:06 PM
From: loantech	Respond to of 110194

You do 1984 well. <g>

To: Wyätt Gwyön who wrote (21918)	11/17/2004 6:11:36 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

How OPEC managed to produce 30,122 tbpd of oil in October, which exceeded expected capacity of 29,840. beacon1.rjf.com It's called "surge capacity" and "water injection", and it damages fields. atsnn.com But what the hey, just add it to the pre-election money printing expediency and worry about the hangover and ill effects later: Optimum capacity gulf-news.com The structural problems are in spare capacity and there is not much of that in the world today. Some of Opec's 11 members, including Iraq, are pumping at what is called surge capacity which is unsustainable. With Opec's production currently running at some 30 million barrels per day, there is very little extra crude oil that the group can bring on. Only the Saudis have any significant spare capacity but nobody is really sure how much. Even the Saudi Arabian oil minister Ali Naimi said recently that nobody could tell for sure how much their optimum capacity is until they test it. In promising to take capacity up to 11-million bpd, the Saudis are basically throwing reservoir management out of the window for now to meet market demand. What would normally happen is that when new capacity is brought on, as was the case in Saudi Arabia this month, some of the older fields would be retired. This will not happen. Also, Saudi Arabia will now have to invest in further expanding its capacity and it will take time and a big investment to bring on new oil. ogje.pennnet.com Nigeria Nigeria's oil production capacity, which the CGES currently estimates at 2.55 million b/d, is expected to reach 2.6 million b/d by the end of the year, possibly rising a further 200,000 b/d in 2005. "However, it must be asked whether this capacity is sustainable. August saw 250,000-300,000 b/d shut in just to protect the aging onshore oil fields and infrastructure after production reached surge capacity levels in response to high prices