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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (20284)	7/20/2007 12:28:59 AM
From: elmatador	Respond to of 218700

Need to invest in Iranian oil fields. economist.com

To: foundation who wrote (20284)	7/20/2007 3:39:18 AM
From: Wharf Rat	Respond to of 218700

A comment by the author in the comment section... ace on July 19, 2007 - 9:30pm \| Permalink \| Subthread On Russian forecast production, I'm more optimistic. As at June 2007, I am assuming remaining URR C&C of 91 Gb. (URR is proven plus probable plus yet to find.) Given Russia's new projects, the annual depletion rate of remaining URR is forecast to be below 4%/yr. Russia's C&C production for Apr 07 was 9.37 mbd (EIA). My forecast is Apr 08, 8.91 mbd; Apr 09, 8.78 mbd; Apr 10, 8.47 mbd. If Russia shows a decline rate of 10% pa then the decline in Fig 2 becomes even steeper. theoildrum.com