Each small drop of oil produced domestically is one less that has to be purchased from OPEC.
Record of Decision Sets Stage for Major Lease Sale in National Petroleum Reserve-Alaska
WASHINGTON, D.C. -- In a Record of Decision issued today, the Bureau of Land Management (BLM) announced that it will make land available for oil and gas leasing in the northeast portion of the National Petroleum Reserve in Alaska (NPR-A).
“This action sets the stage for...(complete article here).
Showing posts with label OPEC. Show all posts
Showing posts with label OPEC. Show all posts
Wednesday, July 16, 2008
Wednesday, May 28, 2008
Wednesday, January 16, 2008
OPEC's View of Oil Prices
OK. Maybe it's not your fault, but you can help!
OPEC chief sees no oil shortage
16/01/2008 13h14
PARIS (AFP) - OPEC Secretary General Abdullah al-Badri told AFP on Wednesday that high oil prices were not caused by a shortage of oil supplies and that other factors were to blame.
"Let me be clear, the high prices which we are witnessing are not because of any shortage of crude oil in the market," he said in a statement emailed to AFP.
On a tour of the Middle East, US President George W. Bush raised the issue of high oil prices...(complete article here).
OPEC chief sees no oil shortage
16/01/2008 13h14
PARIS (AFP) - OPEC Secretary General Abdullah al-Badri told AFP on Wednesday that high oil prices were not caused by a shortage of oil supplies and that other factors were to blame.
"Let me be clear, the high prices which we are witnessing are not because of any shortage of crude oil in the market," he said in a statement emailed to AFP.
On a tour of the Middle East, US President George W. Bush raised the issue of high oil prices...(complete article here).
Wednesday, December 5, 2007
OPEC Output to Remain Same
Good news for investors, but doesn't help the average consumer.
OPEC maintains oil output, hands quotas to Angola, Ecuador
ABU DHABI (AFP) - OPEC -- which supplies about 40 percent of the world's oil -- maintained its output levels at a key ministerial meeting on Wednesday and handed production quotas to new members Angola and Ecuador.
The Organisation of Petroleum Exporting Countries, which comprises 13 nations, added that it would hold an extraordinary meeting on February 1 in Vienna after deciding against an output hike in Abu Dhabi amid sky-high oil prices.
Angola, which joined the cartel on January 1, was handed a quota of 1.9 million barrels of oil per day. Ecuador, which rejoined OPEC last month, was given a daily quota totalling 520,000 barrels.
It was not immediately clear...(complete article here).
OPEC maintains oil output, hands quotas to Angola, Ecuador
ABU DHABI (AFP) - OPEC -- which supplies about 40 percent of the world's oil -- maintained its output levels at a key ministerial meeting on Wednesday and handed production quotas to new members Angola and Ecuador.
The Organisation of Petroleum Exporting Countries, which comprises 13 nations, added that it would hold an extraordinary meeting on February 1 in Vienna after deciding against an output hike in Abu Dhabi amid sky-high oil prices.
Angola, which joined the cartel on January 1, was handed a quota of 1.9 million barrels of oil per day. Ecuador, which rejoined OPEC last month, was given a daily quota totalling 520,000 barrels.
It was not immediately clear...(complete article here).
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