Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on October 11, 2020

Bookmark and Share

The most important variable affecting global oil supply

The most important variable affecting global oil supply thumbnail

The single most important variable affecting global oil supply is arguably Iraq’s oil production.

Iraq is OPEC’s largest offender in terms of production quota non-compliance since May, over producing far more than any other single country. If Iraq complies with its quota going forward, it will reinforce the power of OPEC+ and contribute to Saudi goals of market stability. If Iraq flouts the quota, other members will feel pressure to raise production and preserve market share. The cohesion of OPEC+ is at stake — and along with it, 10 million barrels per day of cuts.

Saudi Arabia has recognized the danger to OPEC’s credibility, launching a diplomatic push for quota compliance. “Using tactics to overproduce and hide non-compliance have been tried many times in the past, and always end in failure,” said Saudi Energy Minister Abdulaziz Bin Salman. “The market can’t be fooled continually.”

Now you can understand Iraq’s true production — ahead of the market.

Iraq Oil Report uses its exclusive, on-the-ground network to gather production data every month from each of Iraq’s producing oil fields. This gives us an authoritative understanding of Iraq’s true oil output. In August, for example, OPEC’s secondary sources estimated an overall reduction in Iraq’s production. We detected an increase. Our industry-leading data streams enabled us to see that Iraq underreported August production by understating direct crude burn, and increasing crude flows to storage and refineries, effectively throttling back exports in the final weeks of the month. The market was fooled. Iraq Oil Report was not.

Clients of Iraq Oil Report’s Research Division can now stay ahead of the market with the Iraq Crude Production and Export Tracker. This monthly report gives readers:

  • The world’s most authoritative snapshot of current production and exports.
  • A detailed understanding of technical factors affecting production and exports in the near term, including likely barrel-per-day impact.
  • Political, financial, legal, and security developments with the potential to affect production and exports in the near-to-mid term.

E-mail Iraq Oil Report Research Director Jared Levy for a free sample: jaredlevy@iraqoilreport.com



4 Comments on "The most important variable affecting global oil supply"

  1. Theedrich on Sun, 11th Oct 2020 5:27 pm 

    “Diversity” is code for killing Gaia. It is based on the death-oriented mythology of Christianity — on which the entire American bribe-ocracy is founded.

    The U.S. started out on a reasonable basis.  But then a political idiot savant, Abraham Lincoln, certifiably insane with Christian religious fanaticism, genocided 800,000 of his own race in order to replace them with a lower subspecies of homo sapiens.  Because the Bible told him to.

    Later, Woodrow Wilson, another idiot savant — this one with a Ph.D. — slaughtered millions of his own race in Europe in a “war to end all wars,” and set the stage for Communism to take over Russia.  Wilson died a madman, with his wife usurping his duties in his last months.  Next, Franklin D. Roosevelt murdered even more Whites and helped the Commies enslave half of Europe.  The Marxists also took over China shortly afterward.  Good job, FDR!

    By the way, the polio- and/or GBS-stricken FDR is rumored to have committed suicide with an Army Colt .45 — with his medical records going suspiciously missing —, following the pattern of untimely deaths of anti-White presidents.  One quote from the Lowe Legacy Library is:  “FDR’s secretary recorded in her diary at that time (1944 South Carolina) her great surprise that the President asked seriously that a loaded handgun be brought to him.”  Plus:  “[t]he public was told the cause of FDR’s death was ‘cerebral hemorrhage.’  But author Paul [Blake] Smith found in his new book research that there are many reasons to consider a different truth — that President Roosevelt put a gun to his head and pulled the trigger.”  And further:  “He [FDR] spent almost two weeks in Warm Springs in what was called the Little White House when he apparently, allegedly, pulled out a loaded gun from his lap robe and ended his life, knowing that he was probably dying anyway.”  Yup.  Cerebral hemorrhage.  His casket was closed to everyone, including his family.  But that history is beyond the scope of this post, especially considering that, like the Lusitania, so much is covered up by the government.

    After President Reagan deflated Communism in Russia, Marxism spread to U.S. higher ed, continuing the anti-White genosucidism underpinned by Christianity and its primitive egalitarian doctrine and glowing tales about communistically sharing everything, which deny biological evolution.  In fact, Christian churches have long fought the revelation of Darwinian evolution, claiming that “humans didn’t come from apes.”  Sigh.

    Today the ideology of White self-murder infects the entire West, and is used to promote “Liberalism.”  Presidential candidate Biden and his future replacement, the Camel woman of mud ancestry, are poised to complete the termination of White civilization.  With rioters, corrupt oligarchs, the Deep State, and university traitors behind them, they will execute the self-imposed sentence of death on America and, consequently, on global civilization.

    Because Christianity told them to.

  2. Cloggie on Mon, 12th Oct 2020 10:12 am 

    Panels are getting cheaper and cheaper where the price of land remains the same. You saw it coming: bifacial solar panels

    https://cleantechnica.com/2020/10/11/agrophotovoltaic-news-bifacial-panels-in-germany-grazing-sheep-in-austria/

    “Agrophotovoltaic News — Bifacial Panels In Germany, Grazing Sheep In Austria”

    Install panels VERTICALLY in the fields and let the cattle/sheep graze in between, or even grow crops that don’t need full sun.

    Economic win-win.

  3. bochen787 on Wed, 14th Oct 2020 12:31 am 

    解放军空中突击队:我的祖国!!!

    https://youtu.be/3DRLzgjWIG8

  4. FamousDrScanlon on Thu, 15th Oct 2020 7:02 pm 

    Norman Pagett on October 15, 2020 at 2:43 pm said:

    it is only possible to ‘fund’ a new energy source with an ‘old’ energy source

    eg, the complexity and volume of the oil industry since the 1860s would not have been possible without the volume production of the coal industry which in turn allowed the production of cheap iron in vast quantities.

    Extracted oil only took on ‘value’ when it was shipped into factories and cities and burned.

    Burned oil was paid for with cash that was itself supported by the function of oil consumption.

    There was and is nothing else.

    The more oil burned, the more oil Rockefeller (et al) extracted-transported-sold—and burned again. And we all eagerly joined in the great burning.

    Why?

    Because without the burning process cash could not exist in the necessary amounts to support the manufacture of our machines and everything they produced We all wanted higher and higher wages, so we could buy and burn more and more oil..

    This is why our economic system has stalled. Oilburning has drastically slowed, and seems likely to stop because we can no longer afford it.

    There can never be an ‘inexpensive’ energy source because of the complexities involved in getting access to it. Oil has been our ‘one trick’. It not only gave us access to energy, it gave us access to more and more of it.

    The ‘windbags’ in the alternative energy brigade simply cannot grasp that.

    https://ourfiniteworld.com/2020/10/15/fossil-fuel-production-is-reaching-limits-in-a-strange-way/comment-page-1/#comment-263764

Leave a Reply

Your email address will not be published. Required fields are marked *