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290 comments on DrumBeat: May 15, 2008

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Darwinian on May 15, 2008 - 9:32am

The new OPEC Monthly Oil Market Report is out this morning. (PDF) According to "secondary sources" total April OPEC production was down 392,600 barrels per day from March. The largest drop came from Nigeria, down 251 kb/d. Iraq was down 104 kb/d, Iran down 34 kb/d, Saudi down 37 kb/d and Venezuela down 21 kb/d. The largest gainers were UAE up 33 kb/d and Angola up 13 kb/d.

The report is on page 35 of this 60 page PDF file.

Ron Patterson

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Rethin on May 15, 2008 - 11:08pm

Thanks Ron

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hardhat on May 16, 2008 - 5:50am

Ron, I have been watching your post all day.

I wonder why it did not trigger off a flurry of comments - as this is quite a "smoking gun".

Thanks for sharing it.

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“This order [i.e. capitalism] is now bound to the technical and economic conditions of machine production which today determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with the economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.”

—Max Weber, 1905