25 Mar '12, 2pm

Tech Talk - Saudi Arabian oil production part 2

There is some debate in the main-stream press about the relative causes and impacts of the rising gasoline price on the overall economy. (I paid $4.40 per gallon in Silicon Valley on Sunday, though only $3.67 in mid-Missouri today). As noted in my previous post , the Kingdom of Saudi Arabia is unique in its potential ability to increase oil production, at relatively short notice, in order to deal with a shortfall in that overall supply. With the tightening of supplies from some of the nations that have seen the impact of the “Arab Spring” there is a concern that there may be such a disruption, as was seen in the time when there was turmoil in Libya. Fortunately the damage to that oil production infrastructure was minor, and the nation seems well on its way to returning to a Business As Usual situation. Unfortunately there are still Yemen, Syria, Sudan (as was) and Iran to ...

Full article: http://www.theoildrum.com/node/9059

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@8hasin part 2 , part 1

@8hasin part 2 , part 1

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