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By newman1979 (anonymous) | Posted May 18, 2007 at 17:53:20
Feb. 07 EIA numbers show the first 2 months of 07 down 447,000 barrels from 06. Gasoline is going through the roof and Brent hit $70. OPEC won't consider any increase until Sept.07. KSA is down 900,000 b/d in Feb. The peak of light sweet is affecting refiners and the price of gas.
OIL sands are not a fix as the costs are rising exponentially and water is a limitation. They are good investments but are limited by scale and time to scale.
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