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I am puzzled by the gov't and markets. First, we have real world gasoline shortages across the Southern part of US minus Southwest. I expected more people to be complaining and more gov't officials ...

Even if refineries can get back up and running, will they be able to deliver the gas to stations?

I bet some gasolines are stranded in storage tanks.

For the right price anything can be delivere ...

Even if refineries can get back up and running, will they be able to deliver the gas to stations?

I bet some gasolines are stranded in storage tanks.

Prices are still at a level that would have caused a heart attack a year ago. When oil goes back to $38 you can come here and mock us.

Hrm... let's see. oil prices are at record territory. ...

A big drop in crude?
Do you guys still watch tanker traffic?
I still see them shipping a lot of oil. I would guess some of that oil must be coming to US.

No wonder many experts believe Saudi's can sustain 12mbpd for a few decades.

If this is true, the truth is the Earth can't handle anymore emissions.
It HAS to stop. Oil use that is.
period

W ...

Most of those extra fields are pretty modest in URR. The big fields they're bringing online now have been mothballed for good reasons; Manifa was discovered in 1957 but never developed because it's ...

One interesting note on SA production and reserves:

In 1972, oil reserves were 137 billion barrels based on around 47 oil fields.

Based on those reserve numbers, Abqaiq should be dried, but curr ...

Talking about Saudi, don't they have like several oil fields that are in reserve and not set to production? I was told if all these fields are brought online, we can see a few million barrels per day ...

remove. this is off topic.

What odds do you think that oil prospectors missed another Ghawar in the last 50 years?

And even if there is another Ghawar out there, 5mb/d isn't going to make all that much difference in the ...

You are wrong.

When Pickens is asked to clarify what figure he is talking about, he states he excludes amounts from uncoventional sources - more specifically tar sands and the like.

Using that d ...

Germany decrease by 9%. How they do that?

If the Saudis were interested in “global economic stability”, they would drop the cover their butts rhetoric, and tell the world the truth. Misinformation and spin are incredibly and shamelessly d ...

Shouldn't any rise in inventories need to surpass last weeks shortfall to be officially called an inventory build? Time to turn on the fog lights!

Good luck in getting the media to be logical.