Tech Talk - Saudi Arabia and Natural Gas Liquids

theoildrum.com 10 Jun '12, 9am

Tech Talk - Saudi Arabia and Natural Gas Liquids

The price of crude oil has been shown to have significant impact on the global economy, and in the current somewhat fragile state of the various parts of that economy the current lower prices help. Yet Stuart Staniford has commented that, given the Saudi need for income to hold off “Arab Spring” dissatisfaction, they are unlikely to let prices fall too far, before cutting production, since even a 10% reduction in output could raise prices 20% , thereby resolving their future income concerns. This well reflects the role of the Texas Railroad Commission back when it controlled US production in order to sustain an acceptable price for oil. But that role collapsed when overall US production was no longer able to spring to the rescue when demand rose, and US production could not, passing the control over prices to OPEC and more particularly the Kingdom of Saudi Arabia (KSA) who...

Full article: http://www.theoildrum.com/node/9243

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@smbilodeau » 13 Jun '12, 10pm
Saudi Arabia & Natural Gas "They are unlikely to let prices fall too far before cutting production... raise prices 20%" [link]
@haileyhd » 11 Jun '12, 8pm
“@PeakT: Interesting: the Arab Spring may save our gas prices: [link]” #SAVETHEGAS
@PeakT » 11 Jun '12, 4pm
Interesting: the Arab Spring may save our gas prices: [link]
@clientwerks » 10 Jun '12, 8pm
The Oil Drum | Tech Talk - Saudi Arabia and Natural Gas Liquids: The increased production at Shaybah, however, a... [link]
@Pump4free » 10 Jun '12, 7pm
The Oil Drum | Tech Talk - Saudi Arabia and Natural Gas Liquids: The price of crude oil has been shown to have s... [link]
@cleantechdeals » 10 Jun '12, 2pm
Tech Talk - Saudi Arabia and Natural Gas Liquids: (Source: The Oil Drum) The price of crude oil has been shown t... [link]
@nartured » 10 Jun '12, 2pm
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@supippo » 10 Jun '12, 10am
The Oil Drum Tech Talk - Saudi Arabia and Natural Gas Liquids [link] 経済危機でコモディティ価格が軒並み下落したが、原油は今後も高値安定しそう。しかし、ＮＧＬがここまで台頭してるとは
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The Oil Drum | Tech Talk - Saudi Arabia and Natural Gas Liquids: The increased production at Shaybah, however, a... [link]
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