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152 comments on DrumBeat: February 18, 2008

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westexas on February 18, 2008 - 10:53am Permalink | Subthread | Parent | Comments top

From the point of view of importing countries, all that counts is net exported liquids, and in round numbers the Saudi 2006 net export decline rate was about -5%/year, and the 2007 number was probably on the order of -10%/year.

Note the decision by Lukoil (linked up top), allegedly in a pricing dispute, to halt crude oil exports to Germany. Russian production has basically been flat from 10/06 to 11/07 inclusive (EIA), while recent Russian reports indicate production declines. From the linked article:

"I don't know whether other Russian producers are supplying crude instead of LUKOIL. But we have heard some talk that (German) refiners have been looking to import crude by sea," the source said.

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MUDLOGGER on February 18, 2008 - 6:26pm Permalink | Subthread | Parent | Comments top

key words and phrases: (not mentioned in any Euro-bilge text)

Kosovo
German/UK/French/fill in blank here / Recognition
Serbia / battle against Ottomans / 700 year old churches / etc
South Slavs
EC stupidity (under the aegis of multiculturalism and diversity)
Albanian knife/ drugs/sex slave merchants

And....

''I can do what the fook I like, any time I fookin like; just by turning this valve off .''. (that is the authentic voice of mother Russia speaking...)

Time to get real...

We have just created an independant Muslim state in Central Europe at the expense of Orthodox Christian Slavs who just happen to be supported by a nuclear tipped oil power.

Just watch this puppy run.

Dorme Bien.

Dig a shelter.

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