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Maybe a bit more plausible than speculators, Stuart Staniford argues "evidence points in the...

Maybe a bit more plausible than speculators, Stuart Staniford argues "evidence points in the direction of Saudi Arabia being unable to raise production much if at all in the near term." With cutbacks from Libya and demand still strong, oil could have a lot farther to go.
Comments (4)
  • quant232525
    , contributor
    Comments (43) | Send Message
     
    Staniford is reiterating is something the late Matt Simmons has warned us about for years.

     

    Saudi Arabia, angry the USA is doing nothing regarding Iran's increasing nuclear abilities, is now very alarmed and fearful that their Golden Egg is in danger. See: debka.com/article/20858/

     

    Saudi Arabia also just purchased Chinese missiles with nuclear capability because of the Iran nuclear threat and escalating problems in Bahrain. Do you think the risk premium in oil is going away any time soon?
    21 Apr 2011, 03:28 PM Reply Like
  • PoorBrokeGraduate
    , contributor
    Comments (30) | Send Message
     
    make no mistake about it, this decade we face a bonafide energy crisis. Saudis haven't allowed a 3rd party audit of their oil fields in over 40 yrs. In other words, they are lying about their capacity and reserves.
    I won't get caught off guard again, circa 2008. I'm ready and armed with DBO and oil servicers.
    21 Apr 2011, 04:39 PM Reply Like
  • kmi
    , contributor
    Comments (3984) | Send Message
     
    Saudi Arabia building out solar capacity...

     

    www.bloomberg.com/news...

     

    “The policy is to work intensely on saving energy and making sure every barrel of oil that can be saved is, and is made available for export.”
    21 Apr 2011, 05:55 PM Reply Like
  • valueinvestor123
    , contributor
    Comments (327) | Send Message
     
    Frpm Zerohedge:

     

    The Fed/TBTF/Govt/Media Complex is desperately clinging to power. Again, anyone with a brain knows that oil is rising because its denominated in dollars. It's the reason corn is rising. It's the reason gold is rising. It's the reason the stock market is rising. The world is awash in dollars, willfully printed by the Federal Reserve, to fund the U.S. government ponzi scheme. If you want to control inflation and bring the cost of crude oil down, you stop printing money and make the U.S. government function on revenues alone.
    24 Apr 2011, 09:42 AM Reply Like
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