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	<title>Oil Production &#187; crude oil production</title>
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		<title>When Jesus comes back, will He turn water into oil for us, as were running out fast?</title>
		<link>http://www.e-peakoil.com/crude-oil-production/when-jesus-comes-back-will-he-turn-water-into-oil-for-us-as-were-running-out-fast</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/when-jesus-comes-back-will-he-turn-water-into-oil-for-us-as-were-running-out-fast#comments</comments>
		<pubDate>Sun, 24 Oct 2010 19:17:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>

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		<description><![CDATA[&#34;scientists in Kuwait predict that world conventional crude oil production will peak in 2014&#34;
http://www.sciencedaily.com/releases/2010/03/100310134255.htm
_________
Peak Oil And Famine: Four Billion Deaths
http://www.countercurrents.org/goodchild291007.htm
I suppose it is theologically possible of him on his return to change say a 500ml top up bottle of 10/40 lubricant into 500 million barrels of instantly available crude oil.
]]></description>
			<content:encoded><![CDATA[<p>&quot;scientists in Kuwait predict that world conventional crude oil production will peak in 2014&quot;<br />
http://www.sciencedaily.com/releases/2010/03/100310134255.htm<br />
_________</p>
<p>Peak Oil And Famine: Four Billion Deaths<br />
http://www.countercurrents.org/goodchild291007.htm<br />
<br />I suppose it is theologically possible of him on his return to change say a 500ml top up bottle of 10/40 lubricant into 500 million barrels of instantly available crude oil.</p>
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		<slash:comments>14</slash:comments>
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		<title>Are the British Imperialistic greed and Corporations responsible of the Oil Spill in the Gulf of Mexico ?</title>
		<link>http://www.e-peakoil.com/crude-oil-production/are-the-british-imperialistic-greed-and-corporations-responsible-of-the-oil-spill-in-the-gulf-of-mexico</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/are-the-british-imperialistic-greed-and-corporations-responsible-of-the-oil-spill-in-the-gulf-of-mexico#comments</comments>
		<pubDate>Fri, 22 Oct 2010 01:16:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>

		<guid isPermaLink="false">http://www.e-peakoil.com/crude-oil-production/are-the-british-imperialistic-greed-and-corporations-responsible-of-the-oil-spill-in-the-gulf-of-mexico</guid>
		<description><![CDATA[&#34;BP&#34; is a great British company and they work in America.
BP employs about 80,000 people worldwide, with slightly more than 10,000 in Britain.
All fields in British territory are operated as part of the BP&#8217;s North Sea Strategic Performance Unit from their office in Dyce, Aberdeen. This includes some fields not strictly in the North Sea [...]]]></description>
			<content:encoded><![CDATA[<p>&quot;BP&quot; is a great British company and they work in America.<br />
BP employs about 80,000 people worldwide, with slightly more than 10,000 in Britain.<br />
All fields in British territory are operated as part of the BP&#8217;s North Sea Strategic Performance Unit from their office in Dyce, Aberdeen. This includes some fields not strictly in the North Sea itself. Fields in the Norwegian sector are operated from Stavanger.<br />
Southern North Sea</p>
<p>* Amethyst gasfield<br />
* Cleeton gasfield<br />
* Ravenspurn gasfield<br />
* West Sole gasfield</p>
<p>Central North Sea</p>
<p>* Andrew oilfield<br />
* Cyrus oilfield<br />
* ETAP complex<br />
o Marnock<br />
o Mungo<br />
o Monan<br />
o Machar<br />
o Mirren<br />
o Madoes<br />
* Erskine gasfield<br />
* Everest gasfield<br />
* Harding oilfield<br />
* Lomond gasfield<br />
* Miller oilfield</p>
<p>Northern North Sea</p>
<p>* Bruce oilfield<br />
* Magnus oilfield</p>
<p>West of Shetland</p>
<p>* Clair oilfield<br />
* Foinaven oilfield<br />
* Schiehallion oilfield</p>
<p>In Other countries:</p>
<p>* Norway</p>
<p>* Hod oilfield<br />
* Tambar oilfield<br />
* Ula oil field<br />
* Valhall oil field</p>
<p>* Trinidad and Tobago</p>
<p>All fields of the Trinidad and Tobago business unit are operated from the BPTT office in Port of Spain.</p>
<p>* Mango gasfield</p>
<p>* Gulf of Mexico Deepwater</p>
<p>The Gulf of Mexico business unit is operated from Houston, Texas.</p>
<p>* Atlantis Oil Field<br />
* Holstein<br />
* Horn Mountain<br />
* Mad Dog<br />
* Marlin<br />
* Nakika<br />
* Pompano<br />
* Thunder Horse Oil Field<br />
* Tiber Oil Field (announced 2009; production not commenced)</p>
<p>* Alaska</p>
<p>The BP office for the Alaska business unit is located in Anchorage.</p>
<p>* Prudhoe Bay Oil Field</p>
<p>* Azerbaijan</p>
<p>All fields in Caspian Sea are operated from the BP office in Baku. Azeri-Chirag-Guneshli, estimated reserves are 5,5 billion barrels of oil</p>
<p>* Egypt</p>
<p>The Egypt business unit is operated from Cairo.<br />
North American Gas<br />
Permian<br />
* East Texas<br />
* Arkoma<br />
* Hugoton<br />
* San Juan<br />
* Wamsutter<br />
* Jonah/Moxa/Overthrust<br />
* Tuscaloosa<br />
* Woodford Shale</p>
<p>* Vietnam</p>
<p>Vietnam operations are run from Sunbury-on-Thames, England.</p>
<p>* Angola</p>
<p>Operations in Angola are run from the BP office in Sunbury, England.</p>
<p>* Plutonio oilfield</p>
<p>* Colombia</p>
<p>The Colombia BU is operated from the office in Bogotá.<br />
Australasia</p>
<p>Operations in Australasia are managed from Jakarta, Indonesia and Perth, Australia.</p>
<p>* North Rankin gasfield<br />
* Angel gasfield<br />
* Goodwyn gasfield</p>
<p>and Russia???</p>
<p>In Mexico before 1937 British companies controlled some of the Mexican Oil. After the Mexican Oil expropriation or nationalization British oil companies boycotted PEMEX&#8230; but in spite of the boycott, PEMEX developed into one of the largest oil companies in the world and helped Mexico become the world&#8217;s fifth largest oil exporter and one of the largest, most successful and powerful Oil companies in the world!!!<br />
     In 1938 Mexican President Lázaro Cárdenas nationalized 17 foreign oil companies to create Pemex, the largest Latin American petroleum company and a major world exporter of fossil fuel.<br />
Pemex engages in exploration, production, refining, transportation, storage, distribution, and sales of oil and natural gas. In the 1970s promising oil discoveries gave rise to a national spending spree, led by the flamboyant President José López Portillo and financed by massive borrowing. Crude-oil production tripled, but when the international price of oil collapsed in 1981, López Portillo raised Mexican oil prices. The country was virtually bankrupt within one year. Economic reforms have since contributed to greater stability. At the turn of the 21st century, Pemex accounted for nearly 40% of the Mexican government&#8217;s income.<br />
In 1938, President Lázaro Cárdenas sided with oil workers striking against foreign-owned oil companies for an increase in pay and social services. On March 18, 1938, citing the 27th article of the 1917 constitution, President Cárdenas embarked on the state-expropriation of all resources and facilities, nationalizing the U.S. and Anglo-Dutch operating companies, creating Pemex.<br />
In retaliation, many foreign governments closed their markets to Mexican oil. In spite of the boycott,</p>
<p>&quot; Pemex developed into one of the largest oil companies in the world and helped Mexico become the fifth-largest oil exporter in the world &quot;<br />
Petróleos Mexicanos (PEMEX) not only fuels Mexico&#8217;s automobile engines, the state-owned oil company also fuels the nation&#8217;s economy, accounting for some one-third of the Mexican government&#8217;s revenues and about 7% of its export earnings. The integrated company&#8217;s operations, spread throughout Mexico, range from exploration and production to refining and petrochemicals. PEMEX&#8217;s P.M.I. Comercio Internacional subsidiary manages the company&#8217;s trading operations outside the country. In 2009 PEM.<br />
<br />Greed is responsible, but not Britain.</p>
<p>Yes, corporations should have been better managed, but why blame Britain for the spill when it took place in US controlled waters?</p>
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		<slash:comments>7</slash:comments>
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		<title>What is crude oils function within the ecosystem of the planet?</title>
		<link>http://www.e-peakoil.com/crude-oil-production/what-is-crude-oils-function-within-the-ecosystem-of-the-planet</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/what-is-crude-oils-function-within-the-ecosystem-of-the-planet#comments</comments>
		<pubDate>Tue, 19 Oct 2010 01:50:43 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>

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		<description><![CDATA[In the wake of the resent oil spill disaster a thought popped into my head. What is oil for? Not what is it for to the human race, oil is fuel, power, money, warmth and survival both financially and elementally to our species.
  We have learned in the past 60 years how truly interwoven [...]]]></description>
			<content:encoded><![CDATA[<p>In the wake of the resent oil spill disaster a thought popped into my head. What is oil for? Not what is it for to the human race, oil is fuel, power, money, warmth and survival both financially and elementally to our species.</p>
<p>  We have learned in the past 60 years how truly interwoven our ecosystem is. Everything is where it is for a reason. Reason&#8217;s that have nothing to do with the  human race&#8217;s need to power cars, homes and economy. So if every naturally occurring system on this planet is connected, what then would be the result and what is the intended function and process of connection to the ecosystem of underground crude oil deposits? Here we have these massive porous spaces,  some spanning many miles. They generally have walls of coal so dense as to almost be diamond in strength, to stand the pressure and heat of the billions of gallons of boiling hot oil. This oil its self being stabilized by flammable gasses under pressure and then salt water above that creating this liquid pressure pillow underground.</p>
<p>At first I thought I would look up the national geological information and find the answer of why oil is there easily. I became worried quickly as two hours of research had provided me with nothing but an extensive amount of data on crude oil production, future of the petroleum and natural gas industries. Not one research project, nothing, </p>
<p>Then amidst even more research, for I was sure I was over reacting I found this &quot;CO2 Reduction Partnership&quot; http://www.undeerc.org/pcor/region/gsinks.aspx</p>
<p>What this is all about turned my concern into a actual fear for the planet itself.<br />
On the surface this seems like a fantastic and wonderful idea to lower carbon dioxide by taking raw CO2 being emitted from static sources and pumping it into these massive spaces left behind by the removal of crude oil. These &quot;Storage Area&#8217;s&quot; as they call them would be able to store the excess CO2 produced by humans for up to 600 years and could seriously help save our asses in the short run. 600 years is a short run species wise.</p>
<p>Then it all slapped together.</p>
<p>1.We don&#8217;t seem to think oil is in the ground for any other reason than to fuel our society.</p>
<p>2. Oil is kept in a non oxygen pressurized area at above boiling temperatures.</p>
<p>3. Empty or water filled holes spanning many miles underground closer to our molten hot magnetic core of our planet.</p>
<p>4. These holes then being filled with a naturally &quot;COLD&quot; heavy gas.</p>
<p>WTF You want to pump coolant into the earths crust in caverns meant to hold molten temperatures with a coolant!?!? While this doesn&#8217;t seem like a issue to the people doing this I see 1 massive problem.While no one seems to have considered the impact of making these caverns in the first place, then turning around and filling them with billions of LBS of pressurized CO2 gas . Once under pressure it will become liquid and its temperature is at -78 C (-109F) could possible change the core temp of the planet.. Which is in a constant molten and moving state. This much coolant below seabeds would change the overall surface temperature of the planet over time as well as I see it.</p>
<p>I am sure I am wrong on a couple things but not all of this. You cannot rationalize that pumping coolant miles below the earth near its volcanic core would have no effect what so ever.</p>
<p>So whats oil there for and what are we doing to our planet really?<br />
<br />Crude oil is the product of chemical reduction of carbon based life forms that have died and have been buried under ground. (reduction is the reverse of oxidation) The reduction causes the formation of hydrocarbons. To generalize hydrocarbons are chemicals that are in a class called lipids (or fats, inedible fats in the case of crude oil but fat none the less). Also over time hydrocarbons can form into more complex molecules called paraffin(wax). They move out of their source rock and get washed along underground by ground water through the pore spaces in rocks. Since oil floats on water the hydrocarbons float up into traps where a curious creature on this planet can drill it out of the ground and use it for a wide variety of uses. Otherwise over millions of years it will slowly seep up to the Earth&#8217;s surface and dissipate into the ecosystem. There are also subterranean bacterias that can make a meal of oil but are not sufficiently present to eat it all up. If you want to get rid of carbon dioxide from the atmosphere the best way is to get the oceans to eat it. I wouldn&#8217;t worry about running out of hydrocarbons any time soon. There is pleanty of source rock full of oxygen deprived carbon based rocks still producing new hydrocarbons. Be sure when your oil well stops producing oil to plug the formations up tight with cement they will slowly start to refill again.  Finally I would like to say that there are no big holes in the ground full of oil. An oil reservoir is just pore spaces in rocks that are filled with oil and natural gas. As the oil is pumped out ground water fills in right behind it.  Drilling oil out of the ground has no effect on the temperature in the Earth&#8217;s core. Heat is transported from the core by convection in the Earth&#8217;s mantle. The heat comes up places where it meets the least resistance, mainly the mid-ocean ridges, and volcanos. Every time a volcano goes boom heat is let out from the inside. Please remember that the temperatures inside the core are hot enough to melt rock into liquid and thats how the heat gets out. One of the main sources of heat in the Earth&#8217;s core is the decay of radioactive potassium isotopes, this is also true in the mantle and crust. One of its left overs is a stable atom of Argon. Argon is nearly 1% of the Earth&#8217;s atmosphere by volume.</p>
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		<title>Economics Help &#8211; Russia&#8217;s Oil Production?</title>
		<link>http://www.e-peakoil.com/crude-oil-production/economics-help-russias-oil-production</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/economics-help-russias-oil-production#comments</comments>
		<pubDate>Sat, 16 Oct 2010 12:58:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>

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		<description><![CDATA[Russia produced about 6.9 million barrel of crude oil per day in 1998. How would a world market price of $12 per barrel affect the Russian economy?
It will increase Russian GDP = 6.9 mill x 365 x 12 in 1998.
]]></description>
			<content:encoded><![CDATA[<p>Russia produced about 6.9 million barrel of crude oil per day in 1998. How would a world market price of $12 per barrel affect the Russian economy?<br />
<br />It will increase Russian GDP = 6.9 mill x 365 x 12 in 1998.</p>
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		<title>Will the barrel of crude oil go back down to maybe $40 (at least) so we can get decent prices at the pump?</title>
		<link>http://www.e-peakoil.com/crude-oil-production/will-the-barrel-of-crude-oil-go-back-down-to-maybe-40-at-least-so-we-can-get-decent-prices-at-the-pump</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/will-the-barrel-of-crude-oil-go-back-down-to-maybe-40-at-least-so-we-can-get-decent-prices-at-the-pump#comments</comments>
		<pubDate>Thu, 14 Oct 2010 01:27:12 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>

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		<description><![CDATA[I remember the in 1999 when the barrel of crude oil passed above $30, it was a very big deal, now, we are close to $150, will the prices ever go down again or do we have to get use to these prices?? Because demand is higher than ever, therefore production is higher than ever
Oil [...]]]></description>
			<content:encoded><![CDATA[<p>I remember the in 1999 when the barrel of crude oil passed above $30, it was a very big deal, now, we are close to $150, will the prices ever go down again or do we have to get use to these prices?? Because demand is higher than ever, therefore production is higher than ever<br />
<br />Oil prices will not go down any material amount until we as Americans accept that we need to DRILL for the oil we have instead of buying it on the open market.</p>
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		<slash:comments>4</slash:comments>
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		<title>Why might the consumption rate of crude oil be higher than the production rate in 2006?</title>
		<link>http://www.e-peakoil.com/crude-oil-production/why-might-the-consumption-rate-of-crude-oil-be-higher-than-the-production-rate-in-2006</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/why-might-the-consumption-rate-of-crude-oil-be-higher-than-the-production-rate-in-2006#comments</comments>
		<pubDate>Mon, 11 Oct 2010 08:03:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>

		<guid isPermaLink="false">http://www.e-peakoil.com/crude-oil-production/why-might-the-consumption-rate-of-crude-oil-be-higher-than-the-production-rate-in-2006</guid>
		<description><![CDATA[I&#8217;ve looked at the consumption rates and production rates of crude oil within a five year period and in the year 2006, the consumption rates are higher than the production rates, why might this be? Would there be any enviromental/social/economical reasons to why? Please help me.
Pretty simple really, production fell or failed to rise at [...]]]></description>
			<content:encoded><![CDATA[<p>I&#8217;ve looked at the consumption rates and production rates of crude oil within a five year period and in the year 2006, the consumption rates are higher than the production rates, why might this be? Would there be any enviromental/social/economical reasons to why? Please help me.<br />
<br />Pretty simple really, production fell or failed to rise at the same rate as consumption. This is going to become more and more of an annual occurrence as the production is limited by guvmint interference and enviro-wackos getting feel-good, do-nothing laws passed. Production will rise but so will the cost of production and that will drive the prices of all of the hundreds of products gained from hydrocarbons up as well.<br />
One day, when alternate resources become cost competitive with hydrocarbon, (oil rises to new heights) the push for new production will ease although I see no resolution to some need for oil for centuries to come.</p>
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		<title>how does the sun play a part in the production of crude oil?</title>
		<link>http://www.e-peakoil.com/crude-oil-production/how-does-the-sun-play-a-part-in-the-production-of-crude-oil</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/how-does-the-sun-play-a-part-in-the-production-of-crude-oil#comments</comments>
		<pubDate>Fri, 08 Oct 2010 20:59:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>

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		<description><![CDATA[
Sun is the source of energy for all the life forms and different heat transfer mechanisms . The climatic conditions,erosional and depositional processes also depend on the sun because the pressure differences which cause the  winds and the rains which fill the rivers are dependent on the sun&#8217;s energy.  Ancient fossilized organic materials [...]]]></description>
			<content:encoded><![CDATA[<p>
<br />Sun is the source of energy for all the life forms and different heat transfer mechanisms . The climatic conditions,erosional and depositional processes also depend on the sun because the pressure differences which cause the  winds and the rains which fill the rivers are dependent on the sun&#8217;s energy.  Ancient fossilized organic materials deposited under the earth&#8217;s surface turn into crude oil&#8230;crude oil and natural gas are products of heating  of ancient organic materials  over geological time.The organic matter mix with mud, and was buried under heavy layers of sediment  resulting in high levels of heat and pressure  (diagenesis)  forming crude oil.Without organic matter there can be no crude oil and without the sun&#8217;s energy there can be no organic matter.</p>
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		<slash:comments>3</slash:comments>
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		<title>can crude oil production keep up with the world&#8217;s growing demand for oil?</title>
		<link>http://www.e-peakoil.com/crude-oil-production/can-crude-oil-production-keep-up-with-the-worlds-growing-demand-for-oil</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/can-crude-oil-production-keep-up-with-the-worlds-growing-demand-for-oil#comments</comments>
		<pubDate>Tue, 05 Oct 2010 12:06:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>

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		<description><![CDATA[China and India are ravenous for oil. India hopes to raise its peoples&#8217; standard of living to that of Mexicans&#8217; (in Mexico). How long will production be able to keep up with demand?!
Yes&#8230;..as long as companies are smart enough to not spew it into the ocean.
]]></description>
			<content:encoded><![CDATA[<p>China and India are ravenous for oil. India hopes to raise its peoples&#8217; standard of living to that of Mexicans&#8217; (in Mexico). How long will production be able to keep up with demand?!<br />
<br />Yes&#8230;..as long as companies are smart enough to not spew it into the ocean.</p>
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		<slash:comments>2</slash:comments>
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		<title>Brazil emerges as an oil giant</title>
		<link>http://www.e-peakoil.com/crude-oil-production/brazil-emerges-as-an-oil-giant</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/brazil-emerges-as-an-oil-giant#comments</comments>
		<pubDate>Sun, 18 Apr 2010 02:26:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>
		<category><![CDATA[brazil]]></category>
		<category><![CDATA[Bryan]]></category>
		<category><![CDATA[drilling]]></category>
		<category><![CDATA[Edie]]></category>
		<category><![CDATA[Magnus]]></category>
		<category><![CDATA[Meghan]]></category>
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		<category><![CDATA[Worldfocus]]></category>

		<guid isPermaLink="false">http://www.e-peakoil.com/crude-oil-production/brazil-emerges-as-an-oil-giant</guid>
		<description><![CDATA[While many Latin American countries have seen their oil production dip, Brazils state-controlled Petrobras — the biggest company in Brazil — is working to access the billions of barrels of crude oil that rest beneath the countrys waters over the next few years.
The companys 48,986-ton P-51 oil platform rests over a hundred miles off the [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/RmUKJXUbo-4/2.jpg" align="left">While many Latin American countries have seen their oil production dip, Brazils state-controlled Petrobras — the biggest company in Brazil — is working to access the billions of barrels of crude oil that rest beneath the countrys waters over the next few years.<br />
The companys 48,986-ton P-51 oil platform rests over a hundred miles off the coast of Brazil and is the first semisubmersible platform built entirely in Brazil. It may produce up to 180,000 barrels of oil a day.</p>
<p>Worldfocus correspondent Edie Magnus and producers Bryan Myers and Meghan Thompson report from Angra dos Reis, south of Rio de Janeiro, on Brazils unfolding role as oil giant.</p>
<p>Worldfocus video podcast: http://feeds.feedburner.com/worldfocus</p>
<p>http://worldfocus.org/</p>
<p>Duration : <b>0:5:25</b></p>
<p><span id="more-842"></span><br />[youtube RmUKJXUbo-4]</p>
]]></content:encoded>
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		<slash:comments>13</slash:comments>
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		<title>Dow, S&amp;P, Gold, US Dollar, Crude Oil, AAPL, GOOG Technical Analysis and Elliott Wave Counts</title>
		<link>http://www.e-peakoil.com/crude-oil-production/dow-sp-gold-us-dollar-crude-oil-aapl-goog-technical-analysis-and-elliott-wave-counts</link>
		<comments>http://www.e-peakoil.com/crude-oil-production/dow-sp-gold-us-dollar-crude-oil-aapl-goog-technical-analysis-and-elliott-wave-counts#comments</comments>
		<pubDate>Thu, 15 Apr 2010 00:50:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[crude oil production]]></category>
		<category><![CDATA[AA]]></category>
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		<guid isPermaLink="false">http://www.e-peakoil.com/crude-oil-production/dow-sp-gold-us-dollar-crude-oil-aapl-goog-technical-analysis-and-elliott-wave-counts</guid>
		<description><![CDATA[Overview:
The markets are nearing a critical short term juncture.
An S&#38;P rally above 1130 reopens potential to 1159
or even higher. An intermediate term correction (at
least) is still likely, but a push above 1150 would likely
delay it by several more weeks at least. A decline
through recent lows near 1040 breaks any near term
bullish pattern.
We are near a [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://i.ytimg.com/vi/HRC-GJJPxWg/2.jpg" align="left">Overview:</p>
<p>The markets are nearing a critical short term juncture.<br />
An S&amp;P rally above 1130 reopens potential to 1159<br />
or even higher. An intermediate term correction (at<br />
least) is still likely, but a push above 1150 would likely<br />
delay it by several more weeks at least. A decline<br />
through recent lows near 1040 breaks any near term<br />
bullish pattern.</p>
<p>We are near a potential short term top in the dollar,<br />
gold and crude oil may still see new short term highs.</p>
<p>www.smarttrades.com</p>
<p>NOTICE: Futures traders can and do lose money. No claims are made that the information provided here will insure gains or prevent loses. TRADE AT YOUR OWN RISK. NOTICE: Neither the information, the systems, nor any opinion expressed herein constitutes a representation by Smart Trades Inc., or a solicitation for the purchase or sale of any commodity futures, or options of any kind. Those using the information and systems herein for trading purposes are responsible for their own actions and no claim is made that the recommendations or systems will be profitable or that they will not result in losses. Smart Trades owners, employees, or members of their families may have a position in the markets contrary to the information or systems contained herein. PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING FUTURES AND OPTIONS CONTRACTS, EVEN WHEN USED FOR HEDGING PURPOSES. PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTIONS CONTRACTS. FUTURES TRADING IS NOT SUITABLE FOR ALL INVESTORS. NO CLAIMS ARE MADE THAT THE INFORMATION PROVIDED HERE WILL INSURE GAINS OR PREVENT LOSES. TRADE AT YOUR OWN RISK. PAST PERFORMANCE IS NOT NECESSARY INDICATIVE OF FUTURE RESULTS.</p>
<p>Duration : <b>0:8:9</b></p>
<p><span id="more-833"></span><br />[youtube HRC-GJJPxWg]</p>
]]></content:encoded>
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