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

To: DewDiligence_on_SI who wrote (143089)	12/30/2010 6:24:56 AM
From: DewDiligence_on_SI	Read Replies (1) \| Respond to of 206151

Gas Find Sparks a Frenzy in Israel: siliconinvestor.com The Leviathan field in the deepwater Mediterranean off the coast of Israel is estimated to have a colossal 122 trillion cubic feet of NG.

To: DewDiligence_on_SI who wrote (143089)	12/30/2010 6:42:44 AM
From: Bearcatbob	4 Recommendations Respond to of 206151

"For a start, the unused pumping power of the OPEC cartel still stands at 5.4 million barrels a day. That compares with a spare capacity of around one million barrels when oil hit its $147 apex in July 2008. So it would take several years of heavy demand growth to chip away at the cartel’s spare capacity. And that’s without counting an impressive range of oil industry investments that are coming on [#msg-58197931, #msg-55859365, #msg-54938258]." I find this number hard to believe. In recent months OPEC oil production I believe is flat - with all of the incentive in the world to cheat. I wonder if the data exists to truly verify this number. This number is clearly a key to the issue. omrpublic.iea.org