The Oil Drum

5 comments on On price shocks and supply uncertainty in India

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GJ on October 18, 2005 - 9:15pm

Even now, one of the better predictors of oil price behaviour is the extent of excess production capacity available in the Gulf, which is very low at present.

Matt Simmons discusses this, among other things, in today's interview with Amanda Lang at ROBTV. Scroll to the half way point (30 minute mark) of the 5:00 PM segment on the following link:

http://www.robtv.com/shows/past_archive.tv?day=tue

Simmons makes an interesting point about the use of natural gas in the tar sands of Alberta, that it should be used for residential heating in Canada rather than to steam the oil from the bitumen.

The segment after Simmons relates to the competitiveness of wind power.

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porsena on October 18, 2005 - 10:00pm

Interesting link. Fort McMurray seems a more promising location than most to try for a new nuclear plant. Steam, power, sale of natural gas, such benefits. We can only hope.