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192 comments on DrumBeat: September 14, 2007

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PartyGuy on September 14, 2007 - 3:29pm Permalink | Subthread | Parent | Comments top

Venezuela certainly has not peaked, unless, of course, its peak mismanagement :P

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peakearl on September 14, 2007 - 3:59pm Permalink | Subthread | Parent | Comments top

According to IEA, Venezuela is a million barrels per day below July 1997 - 10 years ago and has shown a pretty steady decline since. Do you have any proof of your confident assertion (I'm open to data).

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KansasCrude on September 14, 2007 - 5:12pm Permalink | Subthread | Parent | Comments top

The real laugher was Indonesia since they are now an importer.(According to what Ace posted the other day). What are they going to do import and then export oil from the KSA? Some of this doesn't seem to gin.

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AlanfromBigEasy on September 14, 2007 - 5:32pm Permalink | Subthread | Parent | Comments top

Yes.

Both Indonesia and UK produce mostly high grade oil, some of which is exported. They import lower grade crude and oil products (bunker for example).

Net negative by volume, perhaps still positive by $ value.

Alan

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Petrosaurus on September 14, 2007 - 5:12pm Permalink | Subthread | Parent | Comments top

Waiting for the price rise, if it's your stock portfolio, is not seen as mismanagement.

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elwoodelmore on September 15, 2007 - 6:52am Permalink | Subthread | Parent | Comments top

peak mismanagement ? that would be bush's handling on anything. hugo chaves is a fricen' genius compared to mr doofus president, your hero.

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PartyGuy on September 15, 2007 - 12:38pm Permalink | Subthread | Parent | Comments top

Except Bush is not my 'hero'. Project much?

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192 comments on DrumBeat: September 14, 2007

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