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53 comments on Oilwatch Monthly - June 2007

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westexas on June 12, 2007 - 2:33pm Permalink | Subthread | Parent | Comments top

Perhaps someone can figure out the apparent discrepancies between the various data sets.

In any case, if we look at recent monthly data, there is no doubt that net exports are down. On a month to month basis, Saudi Arabia for example is down much more sharply than the average annual number shows, and Mexico is down 18% from 1/06. The EIA shows flat annual net exports for Mexico from 2005 to 2006. The common thread here is the near certain decline/crash of the two largest producing fields in the world, resulting in the near certain decline of every oil field in the world that has produced one mbpd or more (crude + condensate).

BTW, Mexico is declining as Khebab predicted, using the HL method. And it seems that someone did warn about a Saudi decline in the vicinity of 2006.

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Echelon on June 12, 2007 - 2:45pm Permalink | Subthread | Parent | Comments top

The only discrepancy is that BP is a complete global data set for 2006. The only one. EIA hasn't released their yearly update yet and it will only be for 2005 when they do.

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westexas on June 12, 2007 - 3:33pm Permalink | Subthread | Parent | Comments top

See Rembrandt's note down the thread.

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53 comments on Oilwatch Monthly - June 2007

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