The Oil Drum

Yes, you're right of course. I didn't want to get too technical and detailed. I fear this question may have a lot to do with different 'perceptions.' It's clear that they want to sell and we want to buy. However, we may perceive that they are 'dragging their feet' and they could do much more to increase production. It appears that we have already 'interpreted' the recent problems with the supply of Russian gas, in a very negative and anti-Russian way. Maybe the 'message' from Russia was, we don't have as much gas as you think we have. In last few months I've both read and heard both politicians, oilmen and analysts discussing Russia and OPEC and how they both need to 'liberalize' and open their countries to outside investment and expertise, so that oil production can be increased to satisfy our needs. I was just speculating about how, in an increasingly energy hungry world, our 'patience' with them might begin to run out. It was meant to be a prophecy, at least I hope not!