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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: rz who wrote (94310)	12/5/2007 7:00:50 PM
From: Ed Ajootian	Respond to of 206151

kazundheit! <sp?>, <g> Thanks rz.

To: rz who wrote (94310)	12/12/2007 6:14:21 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206151

WORLD WATCH Saudi Arabia's Greater Khursaniyah Area (GKA) project to add 500,000 b/d of Arab Light grade production, along with 300,000 b/d of other liquids, is understood to be missing its scheduled start up this month. State Saudi Aramco had been consistently upbeat about getting it done on time and was believed to be spending top dollar to assure its place at the front of the line for equipment and people needed to finish the project on time, if not on budget. But it seems even Saudi Aramco is not immune to the project delays now rampant in the oil industry. The project is now running behind schedule, with completion of oil facilities delayed until early March due to equipment shortages and installation of gas handling equipment backed up until June. With flaring probably not an option, oil production will have to wait for the gas handling to be in place, making for a six month delay for GKA, despite Saudi Aramco's best efforts. David Knapp, New York ************************************************************ Aw shucks, whatta shame. Now what are oil bears gonna point to? If OPEC doesn't increase quotas next month even with $90 oil, some might surmise that the reason might be that the Saudi's don't have any real capacity to increase production anyway.