jacoxnet | Shared With: Everyone - Apr 29 2008 | oil, mexico, production
Quoted: A central reason that oil supplies are not rising with demand is that major producers outside OPEC, like Russia, Mexico and Norway, are showing signs of sluggishness.
- jacoxnet | Shared With: Everyone - Sep 19 2007 | news, oil, saudi arabia
Quoted: At a bare minimum, the era when excess Saudi capacity could cushion geopolitical disruptions in oil supplies may well be over, even though the threat of such disruptions is greater than ever. And if Saudi production continues to decline even as world demand keeps growing, in a few years we will look back at the summer of 2007 as the last of the days when gasoline—even at $3.50 a gallon—was still plentiful and cheap.
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