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IEA Believes There Will Be Oil Shortage in Second Half of the Year if OPEC Doesn’t Step Up Production

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  • Wed, Jul 13, 2011 - 03:52pm

    #1
    ewilkerson

    ewilkerson

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    IEA Believes There Will Be Oil Shortage in Second Half of the Year if OPEC Doesn’t Step Up Production

The IEA is saying that there will be an  oil shortage the second half of the year if OPEC can not increase production by 1.5 million barrels.  I have included the post by Jeff Rubin  if you’d like more details:

http://www.jeffrubinssmallerworld.com/2011/07/13/world-oil-markets-face-production-shortfall-in-second-half/

Cheers,

Ernest

  • Wed, Jul 13, 2011 - 05:48pm

    #2

    SailAway

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    Oil shortage the second half of the year

[quote=ewilkerson]

The IEA is saying that there will be an  oil shortage the second half of the year if OPEC can not increase production by 1.5 million barrels. 

[/quote]

Wow, it seems like every passing day there is a new report with an even sooner shortage forecast. Just yesterday on this thread https://www.peakprosperity.com/forum/goldman-sacks-and-barrons-call-it-peak-oil/60385 we were talking about 2012, now it’s the second half of this year!! BTW, we are already in the second half of the year…

 

  • Wed, Jul 13, 2011 - 09:03pm

    #3
    ewilkerson

    ewilkerson

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    SailaWay, you are more than

SailaWay, you are more than entitled to your opinion, but I am sorry for whatever reason..  I have no idea what your problem with me is, but why are you bothering stalking every post I make.  I am not perfect, but I have an Econimics Degree and an MBA, and my purpose is to put as much information out there as possible.  We  should all be in this together.

Cheers,

Ernest

  • Wed, Jul 13, 2011 - 10:30pm

    #4

    SailAway

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    re: ewilkerson

Ernest,

I was just making some comments on the links you have posted (that I found very interesting) but really it has nothing to do with you. Truly sorry if my wordings made you believe differently.

Cheers,

Fred

 

  • Sat, Sep 24, 2011 - 07:16am

    #5
    SPAM_craighe5i

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    There are definitely a

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  • Sat, Sep 24, 2011 - 02:18pm

    #6
    kaman

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    OPEC may need/want/endorse a

OPEC may need/want/endorse a shortage to bring the price of a barrel of oil back up after the recent swooning.

  • Sat, Sep 24, 2011 - 07:50pm

    #7
    agitating prop

    agitating prop

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    kaman wrote:OPEC may

[quote=kaman]

OPEC may need/want/endorse a shortage to bring the price of a barrel of oil back up after the recent swooning.

[/quote]

 

Exactly!

  • Sat, Sep 24, 2011 - 08:46pm

    #8

    frobn

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    It may sound counter

It may sound counter intuitive but as prices decline OPEC supply may increase in the short term. Many of these countries including KSA and Iran need steady oil income to keep their populations from rioting. This will not prevent OPEC from voting to decrease but it will only be a bluff. We will see decreases when OPEC doesn’t have the oil to extract and/or when more of what they extract is needed for internal consumption.

  • Sat, Sep 24, 2011 - 08:50pm

    #9
    ewilkerson

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    Exactly frobn

Exactly frobn!

Ernest

[Moderator’s note: Edited to fix all-caps.]

  • Mon, Oct 31, 2011 - 10:33am

    #10
    Peak Prosperity Admin

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