Piekolie = pathetische bangmakerij

[/\|cazar]

Major New Report -

'Peak' Oil Not
Coming Soon
By Brad Foss
AP Business Writer
6-24-5

WASHINGTON - Global oil production is not likely to peak anytime soon, contrary to talk that has helped propel prices close to $60 a barrel, although lower prices may still be a few years away, a prominent energy consultancy said Tuesday. Cambridge Energy Research Associates said that, instead of a crest being reached sometime this decade, an inflection point in world oil output will occur sometime beyond 2020, after which production will plateau for several more decades. In a report that builds upon earlier analyses by the Cambridge, Mass.-based consultancy, CERA said it believes that between now and 2010 there will be a substantial increase in worldwide oil production capacity. It said that "as a result, supply could exceed demand by as much as 6 million to 7.5 million barrels per day later in the decade" that will lead to an extended period of lower prices beginning as early as 2008. The price of oil could "slip well below $40 a barrel as 2007-08 nears," CERA said. Today, the supply cushion is only about 1.5 million barrels per day and that has markets extremely nervous about the possibility of a supply disruption. Oil prices are up more than 55 percent over the past year, in part because of the threat of hurricanes, terrorist attacks and labor strife in key oil production regions, such as the Gulf of Mexico, Iraq and Nigeria. "Today's high prices are the result of an exceedingly tight and precarious supply-demand balance," CERA chairman Daniel Yergin said in a statement. "Yet significant new capacity will be coming on stream... The addition of that new capacity is what is required to improve the supply demand balance." The CERA report is a counterweight to the predictions of some energy experts, who in recent years have been publishing books filled with charts and graphs that aim to prove that world oil production is about to peak, if it hasn't already. The most recently published book to make that claim is called "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy," which was written by Matthew R. Simmons, a Houston-based investment banker who is well-known in the petroleum industry. Simmons argues that Saudi Arabia's best oil fields are aging rapidly and that the rest of the world needs to question the veracity of the kingdom's claim that it still has 260 billion barrels of petroleum left to pump. The CERA report acknowledges that there will be fewer giant oil fields found and produced after 2010, but it argues that with new technology and multibillion dollar investments the petroleum industry has the ability to provide more than enough supply to meet rising demand. "The main risks to our supply expansion scenario are above ground, not below ground " changes in the political and operating climate that could delay expansion," Yergin said. The debate about whether global output is on the cusp of an irreversible decline is not new " petroleum engineers and executives have been hashing it out for decades. But it has garnered extra attention amid soaring prices and the revelation last year that Royal Dutch/Shell Group overstated its reserves, a key measurement of an oil company's future profit potential. Lawrence J. Goldstein, president of PIRA Energy Group in New York, said he was present when Simmons met with Saudi officials to gather information for his book and that he remains an "agnostic" when it comes to the peak oil debate. It isn't entirely clear, Goldstein said, whether today's tight global supply reflects a geologic limit that is being reached or if it merely signifies that the industry hasn't made the necessary investments to keep up with rising demand. "The truth is, I don't know whether we're resource-constrained or effort-constrained, and neither does anybody else," he said. "This market is being driven by fear of what can happen," said Citigroup analyst Kyle Cooper in Houston. "I am trying to find a fundamental reason for today's rise, but there is none. This is one of the most bearish markets we have seen in years, yet prices are at record highs." According to Mr. Cooper, inventories in the U.S. are at near-record highs when one looks at overall stocks. "Nobody mentions the fact that U.S. oil production is above where it was a year ago." "Who would have ever thought the cartel would be producing 28 million barrels a day and we'd be taking about $56 a barrel oil," David Rosenberg, of Merrill Lynch. On the New York Mercantile Exchange on Tuesday, July crude futures fell 32 cents to $59.05 per barrel.


maw bange kwezels drijven de olieprijs omhoog, puur op sentiment, nergens op ratio.

het wordt dus toch nog de moeite om een humvee aan te schaffen [edit]
[size=1]Edit:[/size]

[size=1]After edit by /\|cazar on 24-06-2005 at 14:09
Reason:
--------------------------------

Major New Report -

'Peak' Oil Not
Coming Soon
By Brad Foss
AP Business Writer
6-24-5

WASHINGTON - Global oil production is not likely to peak anytime soon, contrary to talk that has helped propel prices close to $60 a barrel, although lower prices may still be a few years away, a prominent energy consultancy said Tuesday. Cambridge Energy Research Associates said that, instead of a crest being reached sometime this decade, an inflection point in world oil output will occur sometime beyond 2020, after which production will plateau for several more decades. In a report that builds upon earlier analyses by the Cambridge, Mass.-based consultancy, CERA said it believes that between now and 2010 there will be a substantial increase in worldwide oil production capacity. It said that "as a result, supply could exceed demand by as much as 6 million to 7.5 million barrels per day later in the decade" that will lead to an extended period of lower prices beginning as early as 2008. The price of oil could "slip well below $40 a barrel as 2007-08 nears," CERA said. Today, the supply cushion is only about 1.5 million barrels per day and that has markets extremely nervous about the possibility of a supply disruption. Oil prices are up more than 55 percent over the past year, in part because of the threat of hurricanes, terrorist attacks and labor strife in key oil production regions, such as the Gulf of Mexico, Iraq and Nigeria. "Today's high prices are the result of an exceedingly tight and precarious supply-demand balance," CERA chairman Daniel Yergin said in a statement. "Yet significant new capacity will be coming on stream... The addition of that new capacity is what is required to improve the supply demand balance." The CERA report is a counterweight to the predictions of some energy experts, who in recent years have been publishing books filled with charts and graphs that aim to prove that world oil production is about to peak, if it hasn't already. The most recently published book to make that claim is called "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy," which was written by Matthew R. Simmons, a Houston-based investment banker who is well-known in the petroleum industry. Simmons argues that Saudi Arabia's best oil fields are aging rapidly and that the rest of the world needs to question the veracity of the kingdom's claim that it still has 260 billion barrels of petroleum left to pump. The CERA report acknowledges that there will be fewer giant oil fields found and produced after 2010, but it argues that with new technology and multibillion dollar investments the petroleum industry has the ability to provide more than enough supply to meet rising demand. "The main risks to our supply expansion scenario are above ground, not below ground " changes in the political and operating climate that could delay expansion," Yergin said. The debate about whether global output is on the cusp of an irreversible decline is not new " petroleum engineers and executives have been hashing it out for decades. But it has garnered extra attention amid soaring prices and the revelation last year that Royal Dutch/Shell Group overstated its reserves, a key measurement of an oil company's future profit potential. Lawrence J. Goldstein, president of PIRA Energy Group in New York, said he was present when Simmons met with Saudi officials to gather information for his book and that he remains an "agnostic" when it comes to the peak oil debate. It isn't entirely clear, Goldstein said, whether today's tight global supply reflects a geologic limit that is being reached or if it merely signifies that the industry hasn't made the necessary investments to keep up with rising demand. "The truth is, I don't know whether we're resource-constrained or effort-constrained, and neither does anybody else," he said. "This market is being driven by fear of what can happen," said Citigroup analyst Kyle Cooper in Houston. "I am trying to find a fundamental reason for today's rise, but there is none. This is one of the most bearish markets we have seen in years, yet prices are at record highs." According to Mr. Cooper, inventories in the U.S. are at near-record highs when one looks at overall stocks. "Nobody mentions the fact that U.S. oil production is above where it was a year ago." "Who would have ever thought the cartel would be producing 28 million barrels a day and we'd be taking about $56 a barrel oil," David Rosenberg, of Merrill Lynch. On the New York Mercantile Exchange on Tuesday, July crude futures fell 32 cents to $59.05 per barrel.


maw bange kwezels drijven de olieprijs omhoog, puur op sentiment, nergens op ratio.

het wordt dus toch nog de moeite om een humvee aan te schaffen [/size]

[size=1]Before any edits, post was:
--------------------------------

Major New Report -
'Peak' Oil Not
Coming Soon
By Brad Foss
AP Business Writer
6-24-5

WASHINGTON - Global oil production is not likely to peak anytime soon, contrary to talk that has helped propel prices close to $60 a barrel, although lower prices may still be a few years away, a prominent energy consultancy said Tuesday. Cambridge Energy Research Associates said that, instead of a crest being reached sometime this decade, an inflection point in world oil output will occur sometime beyond 2020, after which production will plateau for several more decades. In a report that builds upon earlier analyses by the Cambridge, Mass.-based consultancy, CERA said it believes that between now and 2010 there will be a substantial increase in worldwide oil production capacity. It said that "as a result, supply could exceed demand by as much as 6 million to 7.5 million barrels per day later in the decade" that will lead to an extended period of lower prices beginning as early as 2008. The price of oil could "slip well below $40 a barrel as 2007-08 nears," CERA said. Today, the supply cushion is only about 1.5 million barrels per day and that has markets extremely nervous about the possibility of a supply disruption. Oil prices are up more than 55 percent over the past year, in part because of the threat of hurricanes, terrorist attacks and labor strife in key oil production regions, such as the Gulf of Mexico, Iraq and Nigeria. "Today's high prices are the result of an exceedingly tight and precarious supply-demand balance," CERA chairman Daniel Yergin said in a statement. "Yet significant new capacity will be coming on stream... The addition of that new capacity is what is required to improve the supply demand balance." The CERA report is a counterweight to the predictions of some energy experts, who in recent years have been publishing books filled with charts and graphs that aim to prove that world oil production is about to peak, if it hasn't already. The most recently published book to make that claim is called "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy," which was written by Matthew R. Simmons, a Houston-based investment banker who is well-known in the petroleum industry. Simmons argues that Saudi Arabia's best oil fields are aging rapidly and that the rest of the world needs to question the veracity of the kingdom's claim that it still has 260 billion barrels of petroleum left to pump. The CERA report acknowledges that there will be fewer giant oil fields found and produced after 2010, but it argues that with new technology and multibillion dollar investments the petroleum industry has the ability to provide more than enough supply to meet rising demand. "The main risks to our supply expansion scenario are above ground, not below ground " changes in the political and operating climate that could delay expansion," Yergin said. The debate about whether global output is on the cusp of an irreversible decline is not new " petroleum engineers and executives have been hashing it out for decades. But it has garnered extra attention amid soaring prices and the revelation last year that Royal Dutch/Shell Group overstated its reserves, a key measurement of an oil company's future profit potential. Lawrence J. Goldstein, president of PIRA Energy Group in New York, said he was present when Simmons met with Saudi officials to gather information for his book and that he remains an "agnostic" when it comes to the peak oil debate. It isn't entirely clear, Goldstein said, whether today's tight global supply reflects a geologic limit that is being reached or if it merely signifies that the industry hasn't made the necessary investments to keep up with rising demand. "The truth is, I don't know whether we're resource-constrained or effort-constrained, and neither does anybody else," he said. "This market is being driven by fear of what can happen," said Citigroup analyst Kyle Cooper in Houston. "I am trying to find a fundamental reason for today's rise, but there is none. This is one of the most bearish markets we have seen in years, yet prices are at record highs." According to Mr. Cooper, inventories in the U.S. are at near-record highs when one looks at overall stocks. "Nobody mentions the fact that U.S. oil production is above where it was a year ago." "Who would have ever thought the cartel would be producing 28 million barrels a day and we'd be taking about $56 a barrel oil," David Rosenberg, of Merrill Lynch. On the New York Mercantile Exchange on Tuesday, July crude futures fell 32 cents to $59.05 per barrel.[/size]

[/edit]

[@lpha]

Niks aan de hand dus ...
En dat op basis van één artikeltje terwijl talloze andere bronnen het tegendeel beweren.

[Mambo]

Ze spelen zij gewoon met onze voeten. Hoe zuiniger de wagens hoe duurder de petrol.
Er zal wel ergens een vaste balans van bestaan dat hoe minder het verbruik wordt hoe hoger de prijs aan de pomp wordt.
Wedden?

[boer_bavo]

Oorspronkelijk geplaatst door Mambo

Ze spelen zij gewoon met onze voeten. Hoe zuiniger de wagens hoe duurder de petrol.
Er zal wel ergens een vaste balans van bestaan dat hoe minder het verbruik wordt hoe hoger de prijs aan de pomp wordt.
Wedden?

Uiteraard bestaat dat verband: als olie duurder wordt wordt er minder van gebruikt.

[labyrinth]

Enkele hebzuchtigen zijn gewoon aan het hamsteren voor later eigen gebruik.....

rara..... wie zou dat nu toch kunnen zijn ?
Ik heb wel 10 liter gekocht maar dat zal het wel niet zijn.......



[edit]
[size=1]Edit:[/size]

[size=1]After edit by labyrinth on 24-06-2005 at 22:42
Reason:
--------------------------------

Enkele hebzuchtigen zijn gewoon aan het hamsteren voor later eigen gebruik.....

rara..... wie zou dat nu toch kunnen zijn ?
Ik heb wel 10 liter gekocht maar dat zal het wel niet zijn.......



[/size]

[size=1]Before any edits, post was:
--------------------------------

Enkele hebzuchtigen zijn gewoon aan het hamsteren voor later eigen gebruik.....

rara..... wie zou dat nu toch kunnen zijn ?


[/size]

[/edit]

[Groentje-18]

Oorspronkelijk geplaatst door labyrinth

Enkele hebzuchtigen zijn gewoon aan het hamsteren voor later eigen gebruik.....

rara..... wie zou dat nu toch kunnen zijn ?
Ik heb wel 10 liter gekocht maar dat zal het wel niet zijn.......

Ik denk het ook eigenlijk ...

Als een land als Amerika (ik zal hun dan maar met de naam noemen ) enkele miljoenen tonnetjes koopt stijgen de prijzen zienderogen...

[Groentje-18]

Maar hoe?
/\|cazar, wil je zeggen dat de olie helemaal niet is aan het opgeraken.
Maar dat men dit de mensen gewoon wijsmaakt om de prijs op te drijven? :-s

[maddox]

De olie geraakt langzaam-en minder langzaam- maar zeker op. Maar de oppompers en verkopers zitten daar niet mee in. Men wil eerst de infrastructuur daarvoor zo grondig mogelijk winst laten maken, en als de olie op is nog grondiger winst maken op de alternativen.