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Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (17642)11/22/2007 3:38:26 AM
From: Wharf Rat  Read Replies (1) | Respond to of 36921
 


Average daily total liquid production, by month, from EIA (green) and IEA (plum), together with 13 month centered moving averages of each line, recursed once (LHS). WTI spot price (blue - RHS). Click to enlarge. Graphs are not zero-scaled. Source: IEA Oil Market Reports, and EIA International Petroleum Monthly Table 1.4. The IEA line is taken from Table 3 of the tables section at the back of the OMR in the last issue for which the number for that month is given. WTI spot price is from the EIA with November estimated from average of daily figures available so far.



To: Wharf Rat who wrote (17642)11/22/2007 3:51:02 AM
From: average joe  Read Replies (1) | Respond to of 36921
 
Wharfy there are billions of bbls of oil that can't be tapped for under $70 a bbl. If prices stay at current levels they will be tapped. Saudi has huge untapped potential, right now they are skimming off the easy to access shallow oil and will be doing so for several decades. The easy to reach shallow oil may be mostly tapped but there is no shortage of oil.