Article

2008-11-15 International-UN-NGOs

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Steve White 2008-11-15 00:00|| || Front Page|| [4 views ] Top

#1 And Brazil will be adding a billion barrels by 2015. Production to start within two years. Oh, and Brazil isn't an OPEC member.

Posted by crosspatch 2008-11-15 02:54|| 2008-11-15 02:54|| Front Page Top

#2 Petrobras shares have tanked in the last couple pf months because their deep offshore oil isn't economically viable at current prices.

Posted by phil_b 2008-11-15 05:04|| 2008-11-15 05:04|| Front Page Top

#3 In other words, they can't make a killing so why even try?

What ever happened to businesses that make a reasonable profit margin? Land based oil costs around $5 a bbl. to get on a tanker, offshore oil surely must cost more, but even if it were $20 bbl. to get on the ship, $30 a bbl. is a hell of a margin, 150% ?

Posted by bigjim-ky 2008-11-15 09:42|| 2008-11-15 09:42|| Front Page Top

#4 and which of the cartel gets to cut the 1M barrels?

"you go first!"

Posted by Frank G">Frank G 2008-11-15 13:35|| 2008-11-15 13:35|| Front Page Top

#5 OPEC needs to be neutered.

Posted by Bill Angains8020 2008-11-15 18:44|| 2008-11-15 18:44|| Front Page Top

21:44 KBK
21:34 USN, Ret.
21:30 Black Bart Jemp3092
21:26 USN, Ret.
21:20 USN, Ret.
21:01 Frank G
20:48 Ricky bin Ricardo (Abu Babaloo)
20:42 Atomic Conspiracy
20:16 Rambler in Virginia
20:13 Rambler in Virginia
20:04 Frank G
20:03 Frank G
20:01 Frank G
20:01 tipover
19:58 Bill Angains8020
19:55 Bill Angains8020
19:47 Bill Angains8020
19:47 RD
19:44 SteveS
19:41 Bill Angains8020
19:35 DMFD
19:31 SteveS
19:24 Frank G
19:21 Frank G