Article

2005-04-26 Arabia

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Posted by Steve White 2005-04-26 8:36:06 AM|| || Front Page|| [7 views since 2007-05-07] Top

#1 US refining capacity is irrelevant to the price of oil, despite what the media and the Saudis would have you believe. Otherwise if the Saudis can increase production by 3mpd over 3 years then its still less than half what is required on current trends. Maybe Iraq can cover the rest. Analysts were sceptical about SA's ability to pump an extra 1.5mpd and this sounds to me like the Saudis are trying to talk down the market.

Posted by phil_b 2005-04-26 9:30:03 AM|| 2005-04-26 9:30:03 AM|| Front Page Top

#2 What I hear is that they're admiting they have no spare production and have lost control of the market.

Posted by Shipman 2005-04-26 10:14:44 AM|| 2005-04-26 10:14:44 AM|| Front Page Top

#3 Are we going to have a bill with ANWR on it for the President's signature, or is the Senate going to whimp out on us? I wonder if Abdullah made the FAA have male air controllers enroute on his trip to Crawford. This guy is not our friend.

Posted by Alaska Paul 2005-04-26 11:38:09 AM|| 2005-04-26 11:38:09 AM|| Front Page Top

#4 As I recall from earlier discussions, the Saudis have been pumping at pretty much maximum capacity for some time, now. Couple that with the flight of Western expats after the bloody attacks on compunds and workplaces, and the ignorance of the locals in matters related to personally repairing wear and tear to the physical plant, what are the odds that the Princes will be able to effect a significant increase in oil production?

Posted by trailing wife 2005-04-26 1:15:03 PM|| 2005-04-26 1:15:03 PM|| Front Page Top

#5 It's gong to be awhile, maybe 50 or 80 years, but my grandchildren are going to enjoy using SA has the National Training Annex. We'll pay 'em a little and frequent their juche shops, but laugh and play and sing all the while.

Posted by Shipman 2005-04-26 6:35:33 PM|| 2005-04-26 6:35:33 PM|| Front Page Top

#6 Thank you, Shipman, I needed that.

Posted by trailing wife 2005-04-26 9:01:54 PM|| 2005-04-26 9:01:54 PM|| Front Page Top

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