29 Aug '15, 4pm

#peakoil It will take much cheaper oil for Saudi Arabia to take action: THERE comes a time when any self-respe...

On August 23rd OPEC-member Iran echoed the frustrations previously aired by Algeria and said it would welcome—or “not disagree with”—an emergency meeting of the producers’ cartel to shore up prices. Yet two days later Bijan Zanganeh, its oil minister, outlined plans, once nuclear-related sanctions are lifted, to eventually add 1m barrels a day (b/d) to production, reclaiming lost market share. (He also said investment had shrunk to almost nothing, so it was not clear how Iran would achieve this.) Iraq, too, is pumping hard to make up for production lost during years of sectarian conflict. The Paris-based International Energy Agency says Iraqi crude output has jumped by 740,000 b/d in the course of this year, a much larger proportional increase than Saudi Arabia’s

Full article: http://peakoil.com/production/it-will-take-much-cheaper-o...

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So much coffee so little time @purcoffeeblog #C...

purecoffeeblog.com 29 Aug '15, 9pm

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#peakoil Fire at Saudi oil workers compound kil...

peakoil.com 30 Aug '15, 3pm

Fire at Saudi oil workers compound kills 11, injures more than 200 A fire swept through an oil workers’ residential compou...

UPDATE: Fire at Saudi oil giant housing complex...

channelnewsasia.com 30 Aug '15, 4pm

RIYADH: At least 11 people were killed and 219 injured in Saudi Arabia on Sunday (Aug 30) when a fire broke out at a resid...

11 dead, 219 injured in fire at Saudi oil giant...

channelnewsasia.com 30 Aug '15, 5pm

RIYADH: At least 11 people were killed and 219 injured in Saudi Arabia on Sunday (Aug 30) when a fire broke out at a resid...

Day, Bae take different paths to shared goal

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The Saudi’s recent move to borrow money is the canary in the coal mine, signaling their inevitable surrender. They will so...

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#peakoil US Oil Production Nears Previous Peak: The EIA’s Monthly Energy Review came out a couple of days ago....

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