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jmcgowanjm Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-26-04 09:28 PM
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M. East assumed to be producing at capacity
March 2004
http://www.asponews.org/docs/Newsletter39.pdf
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jmcgowanjm Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-26-04 09:36 PM
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1. Reserve Growth seems to be matched by Reserve Erosion
XOM gas production/2003 down 5% in the US and 8% in Canada.
Chevron Texaco down 7%.
They herald an energy crisis of unimaginable proportions.

More...
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jmcgowanjm Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-26-04 10:12 PM
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2. Saudi Arabia desperately needs more transparency
Qatif poses real difficulties. It is near housing for
Saudi Arabia's minority Shiite population and contains
high concentrations of hydrogen sulfide, a highly toxic
gas. Its development is "particularly challenging," according
to a technical paper by Saudi Aramco engineers presented
last year in Bahrain, which said that 45 percent of potential drilling sites "were rejected due to safety concerns."

http://www.nytimes.com/2004/02/24/business/24OIL.html?ei=5062&en=bc7d7425bb64c8cd&ex=1078203600&partner=GOOGLE&pagewanted=print&position=
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