Silicon Investor (SI) -- The First Internet Community

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.

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

To: russwinter who wrote (24492)	1/12/2005 2:13:41 PM
From: michaelrunge	Respond to of 110194

Yes, it's fishy. We're way above their "official" price band yet they want to cut production to balance supply and demand...? My guess is that the Matt Simmons decline-due-to-over-pumping scenario has hit, or that what they did in the last few months to bring down prices was to ship from storage. This could be a chance for SA to reload the chamber (storage). Their strategy to reload the chamber will work probaby about as good as the Fed's... -Mike

To: russwinter who wrote (24492)	1/13/2005 1:19:27 AM
From: dara	Respond to of 110194

Oil prices climb as US heating stocks fall, storms batter North Sea turkishpress.com Oil production in Norway, disrupted by technical problems and aggravated due to North Sea storms, will probably be reduced by 11.5 percent for at least a few more days, oil companies said on Wednesday, even though authorities gave the go-ahead for a partial resumption on one field. Norway, the world's third-largest oil exporter after Saudi Arabia and Russia and which normally has an average daily production of three million barrels, has seen its production reduced by 345,000 barrels per day (bpd) since it shut down three offshore platforms. Full production was not expected to resume on the three installations anytime soon, operators told AFP on Wednesday. Meanwhile, Anglo-Dutch company Shell said it did not foresee opening its Norwegian platform Draugen before the weekend at the earliest.