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To: Wyätt Gwyön who wrote (24501)	1/12/2005 4:10:04 PM
From: michaelrunge	Respond to of 110194

Thanks for clearing that up... I couldn't figure out why this wasn't the big news of the day. -Mike

To: Wyätt Gwyön who wrote (24501)	1/13/2005 7:29:15 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Of course most assume the old 9.5-10.0 is "natural". The Saudi's really need to get well below 9.0 mbpd to engage in proper field maintenance, so I think that has as much to do with this "cut production" as anything. atsnn.com To maintain production at current levels, Saudi Arabia has been using a method called water injection to prop up the pressure of the wells. Water injection is based on the fact that salt water is heavier than oil. Basically, they pump seawater into the oil wells to cause more oil to rise to the surface. Saudi Arabia has been using this method since 1970 (which worried the CIA and started an investigation), and currently they are injecting about 7 million barrels a day of seawater through three big pipelines. "Water injection gives the appearance of eternal youth," Simmons says. "That's why the Saudi fields look so robust." He argues that injection can damage the fields and cause unpredictable flows of water that prevents full recovery of the field. Ten energy surprises that could confound market expectations: raymondjamesecm.com On the bearish side though I think we need to be paying close attention to this as it will really shut activity down, even if it ends up being a 10-15% fatality rate. Message 20945111 Not sure how long this takes to spread, but looks tied to migratory birds, which will be returning to Europe: siliconinvestor.com