<Well, it's another well, or is this Saturday already? The Oil Drum The ASPO plot>

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deepblade on September 11, 2005 - 3:35pm Permalink | Subthread | Comments top
Bloomberg: U.K.'s Brown Asks Non-OPEC Nations to Lift Oil Output
Sept. 11 -- U.K. Chancellor of the Exchequer Gordon Brown said he's talking to Russia and other non-OPEC oil producing nations about boosting output should the cartel fail to stem further price increases.

``You need either to have an agreement on increased production capacity from the OPEC countries or we've got to provide increased production elsewhere,'' Brown said on the British Broadcasting Corp.'s Sunday A.M. program. ``That's why we're talking to Russia, we're talking to Norway, we're talking to all the other oil producers outside OPEC as well.''

Isn't there a problem here? The rear-view mirror suggests non-OPEC and non-FSU production is a good 4 or 5 years past peak. I guess he wants to test this notion, but who can come to the rescue? Is Brown saying openly that OPEC's swing role is OVER for good?

 

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knightrd on September 12, 2005 - 9:25am Permalink | Subthread | Parent | Comments top
Well there's still a little wiggle room left. We don't really know exactly what's out there. I'm a little worried that we're at the beginning, or very close to the beginning, of the initial crest.

With someone like Bush and Cheney in the Whitehouse, God knows what will happen if it comes out that Saudi Arabia and pals have led us to a cliff blindfolded. Maybe it's not a coincidence that they are going after all these evil "terrists" and the neocons have called this WWWIII.

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