The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
According to MEES, the highest month on record for OPEC was May 2005.
The JODI database is still incomplete for now, so hard to use (and using a very unpractical software). In the long run, we're all dead. John Maynard Keynes
Then we had the hurricanes that knocked 1-2% off the total.
What is interesting is that even with the 1.5 MM off the market in the USGC, OPEC didn't produce as much as in May and the price still fell. Demand destruction is real.
NO + the surrounding areas are only about 2 million people. That's less than 1% of US population. We've already seen many of them were too poor to have cars and use much fuel. Also just because people were displaced doesn't mean less driving a priori. Where ever they went, they'll still be driving once they find work.
As for real problems in winter, I doubt it unless we have a terrible winter (which always causes price spikes). We had 131 million bbls of heat in storage when Katrina hit. That was what we had in Dec the year before. Mogas season had been good and margins stayed up on heat as well so refiners made lots both as a byproduct of mogas production and just because they could hedge in a nice margin. Nat Gas is more worrisome although stocks there are reaching reasonable levels again.
Now what will happen this winter is still an open question. In the long run, we're all dead. John Maynard Keynes
Idle hopes, I know. A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
Yeah... *Lunatic*, n. One whose delusions are out of fashion.
yellow background indicates that the Metadata should be consulted
Where can I access the Metadata? Can I even do so, or does this refer to stuff restricted to paying users? If the latter, are you such a user, and would you be allowed to tell us about what you found there in public? (I would obviously be interested in the February and April 2005 data on Venezuela.) *Lunatic*, n. One whose delusions are out of fashion.
If you meant that the explanation page would have a link, no. If you meant that the squares in the table would have a link or something, also no - only the same text (consult the metadata) appears if I click on them. *Lunatic*, n. One whose delusions are out of fashion.
by gmoke - Aug 14 2 comments
by Frank Schnittger - Aug 12 8 comments
by Oui - Aug 12 9 comments
by Frank Schnittger - Aug 1 20 comments
by Frank Schnittger - Aug 3 4 comments
by Oui - Jul 12 52 comments
by gmoke - Aug 1
by gmoke - Jul 31 3 comments
by Oui - Aug 151 comment
by gmoke - Aug 142 comments
by Frank Schnittger - Aug 128 comments
by Oui - Aug 129 comments
by Oui - Aug 940 comments
by Oui - Aug 716 comments
by Frank Schnittger - Aug 34 comments
by Oui - Aug 31 comment
by Oui - Aug 211 comments
by Frank Schnittger - Aug 120 comments
by gmoke - Jul 313 comments
by Oui - Jul 3016 comments
by Oui - Jul 30
by Oui - Jul 261 comment
by Oui - Jul 253 comments
by Oui - Jul 239 comments
by Oui - Jul 1971 comments
by Oui - Jul 1932 comments
by Oui - Jul 1693 comments