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2004-09-24 Home Front: Tech

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Posted by Mark Espinola 2004-09-24 12:24:26 PM|| || Front Page|| [1 views since 2007-05-07] Top

#1 EAT CROW!!!

Posted by Edward Yee 2004-09-24 2:26:53 PM|| [http://edwardyee.fanworks.net] 2004-09-24 2:26:53 PM|| Front Page Top

#2 This is actually worrying. If OPEC has reached it's maximum capacity that means that oil production in the world has reached it's upper limits.
Since the demand (especially China) is still growing, you know what that means.
Oil will never go back under $40 a barrel.
WE eat crow here, not them.

Posted by True German Ally 2004-09-24 4:44:19 PM|| 2004-09-24 4:44:19 PM|| Front Page Top

#3 Here is a better summary:
"The course of oil prices over the coming months is largely out of the hands of both OPEC and the international oil industry."
"Increases in oil production capacity are on the way, both within OPEC and outside, but oil demand is growing too."
"While commercial oil inventories are rising ahead of the coming Northern Hemisphere winter, global stockcover remains ten days lower than it was in 2001."
"Without a sudden slowdown in oil demand growth this winter, the market looks set to remain tight and prices high."
Reference

Posted by Tom 2004-09-24 4:53:23 PM|| 2004-09-24 4:53:23 PM|| Front Page Top

#4 Looks like increases for alternative fuel R & D should have been a LOT bigger.

Posted by jules 187 2004-09-24 4:57:26 PM|| 2004-09-24 4:57:26 PM|| Front Page Top

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