"Egypt is a perfect case history for peak export theory," said Jeffrey J. Brown, a Dallas area petroleum geologist who has been making this case on the oil drum and other oil publications. "We're only going to see prices rise as more and more exporters slide down the curve toward being importers."
Brown contends Saudi Arabia, the biggest oil exporter in the world and the third-biggest supplier to the United States, after Canada and Mexico, is already sliding down this curve. He notes that since Saudi crude production hit its recent high in 2005 near 10 million barrels a day, output is off 3% while domestic use is up 7%.
The result? A 6% decline in Saudi exports, over a span in which the average price of oil has risen from the mid-$50s into the $80s and $90s.
http://finance.fortune.cnn.com/2011/01/31/how-egypt-spells-oil-spike/
Inga kommentarer:
Skicka en kommentar