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20 comments on OilCast.com #28: Pemex exclusive 'We are in the middle of Hubbert's curve'

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Chris Vernon on December 1, 2005 - 5:36pm Permalink | Subthread | Parent | Comments top
Eerily...quiet indeed.  I guess that's what drawing down from stocks buys you, a little quiet time.  Global production is still down since Aug 28th though, we are witnessing the lull before the storm.  Are we ever going to have enough oil supply to meet demand at <$60 and have a bit left over to top up the reserves?
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Halfin on December 1, 2005 - 9:02pm Permalink | Subthread | Parent | Comments top
They'll definitely have to top up the reserves before the next hurricane season. Probably they are waiting to get more of the Gulf of Mexico production back online. Maybe in late spring we will see the reserves rebuild.
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