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29 comments on Oilwatch Monthly - May 2007

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Rembrandt on June 3, 2007 - 9:25pm Permalink | Subthread | Parent | Comments top

Thanks for your comments, and questions. A response in series:

1) ThatsItImout

Information on Liquified Petroleum Gas is indeed very difficult to find and probably not existent in the category free to cheap sources of information. I don't have any source to such information at the moment so can't add it to the newsletter. Have you tried contacting Jean Laherrere?

2) To totoneila or Bob Shaw

Referencing like that is fine :), different languages would be too time consuming at the moment, maybe later when ASPO-NL is going at full speed (we just opened an office and have 2 people working part time).

3) Marco

A crude oil export graph is possible to a certain extent, there is good historical data on imports in OECD countries and little data on imports in non-OECD countries. I would like to do this but compiling the data will take time (at least a day or two). So I will put it on my list for the July newsletter.

4) And1

No problemo, will add charts per region in the next edition

5) FTX

a. Distillate stocks will be added

b. Your points about the professionalism are well taken and not at all picky, I need to find someone who will proofread everything just before it comes out.

c. Page dedicated to downloads will be added for next issue in English with monthly archives

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mencial on June 3, 2007 - 9:26pm Permalink | Subthread | Parent | Comments top

First of all, very nice work. I will be an avid reader.

Second, and in the spirit of proofreading, a little detail: in the charts with several yearly records, for example in the "Chart 3: U.S. Gasoline Stock Levels, source: EIA" reproduced above, the oldest record (in the example, the one for 2002) comes out on top. It would make more sense if the newest one was on top, I guess.

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cuchulainn on June 3, 2007 - 9:26pm Permalink | Subthread | Parent | Comments top

Rembrandt,
Please see my other response with my praise for this new publication. But I wanted to add this here as another potential improvement -

Please could there be a graph of oil production by "OPEC subject to quota" countries - ie with Iraq and Angola excluded. This is for the reason that although they are members of OPEC they are not included in its quota system. The graph should also include the official OPEC quota output. This way we can see how OPEC are performing relative to quota. This is very important, because one of the (to my mind) most worrying facts about the KSA decline was that it happened FIRST, and THEN the quota was reduced. By looking at OPECs performance we'll get to see whether the current plateau we're on is due to 1) above ground factors (can be overcome) or 2) geological factors (very worrying)

By the way, one of the things that your excellent publication actually makes very clear is that there are comfortable stocks of crude oil in the world relative to historical stock trends. On the basis of stocks alone (forgetting for the moment, declining production) one would be SHORT oil!

Regards,

Cuchulainn

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