The fourth in a multi-part series which discusses why our traditional view of cheap energy may be changing. This entry discusses how oil production shifted from the United States and a handful of major suppliers to a more plural global network.
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Duration : 0:5:21
saudia arabia, aerial oil refinery, oil pump, oil workers, 1990s, http://www.myfootage.com/details.php?gid=0&sgid=&pid=17280
Duration : 0:0:23
Are we running out? Marko’s take on world oil production and reserves. Part 1 of 2.
Duration : 0:4:41
March 17 (Bloomberg) — Cornelia Meyer, an independent oil analyst, talks about increased Iraqi oil production coming on stream and its effect on OPEC quotas.
Meyer also discusses the outlook for oil prices. She speaks with Bloomberg’s Francine Lacqua at the meeting of the Organization of Petroleum Exporting Countries in Vienna.
Duration : 0:2:25
Are we running out? Marko’s take on world oil production and reserves. Part 2 of 2.
Duration : 0:4:16
PERSONNEL
Total Population: 71,892,808 [2008]
Population Available: 39,645,893 [2008]
Fit for Military Service: 33,444,999 [2008]
Reaching Military Age Annually: 1,298,979 [2008]
Active Military Personnel: 514,000 [2008]
Active Military Reserve: 380,000 [2008]
Active Paramilitary Units: 148,700 [2008]
ARMY
Total Land-Based Weapons: 6,672
Tanks: 4,205 [2007]
Armored Personnel Carriers: 830 [2007]
Towed Artillery: 685 [2007]
Self-Propelled Guns: 868 [2007]
Multiple Rocket Launch Systems: 84 [2007]
Mortars: 5,813 [2007]
Anti-Tank Guided Weapons: 1,283 [2007]
Anti-Aircraft Weapons: 1,664 [2007]
NAVY
Total Navy Ships: 182
Merchant Marine Strength: 602 [2008]
Major Ports and Harbors: 6
Aircraft Carriers: 0 [2008]
Destroyers: 0 [2008]
Submarines: 13 [2007]
Frigates: 24 [2007]
Patrol & Coastal Craft: 28 [2007]
Mine Warfare Craft: 24 [2007]
Amphibious Craft: 8 [2007]
AIR FORCE
Total Aircraft: 1,199 [2007]
Helicopters: 336 [2007]
Serviceable Airports: 117 [2007]
FINANCES (USD)
Defense Budget: $30,936,000,000 [2009]
Foreign Exch. & Gold: $76,510,000,000 [2007]
Purchasing Power: $853,900,000,000 [2007]
OIL
Oil Production: 45,460 bbl/day [2005]
Oil Consumption: 660,800 bbl/day [2005]
Proven Oil Reserves: 300,000,000 bbl [2006]
LOGISTICAL
Labor Force: 23,530,000 [2007]
Roadways: 426,906 km
Railways: 8,697 km
GEOGRAPHIC
Waterways: 1,200 km
Coastline: 7,200 km
Square Land Area: 780,580 km
Turkey is 4th largest army of the world and Nato 2th after USA
Duration : 0:5:9
The selloff came after the International Energy Agency lowered its estimate for worldwide oil demand. Also pushing down crude prices Tuesday: a key OPEC member left open the possibility that the oil cartel will increase output to curb rising prices. Anytime Saudi Arabia’s oil minister makes such a pronouncement, it has an immediate impact in the NYMEX trading pits. Jon Decker reports.
Duration : 0:2:0
Saudi Arabia has agreed to increase oil production by more than 200,000 barrels a day, but will it lower U.S. energy prices? Priya David reports.
Duration : 0:2:50
Saudi Arabia energy meeting concludes
Source: CCTV.com | 06-23-2008 09:25
The emergency energy conference in Jeddah, Saudi Arabia, came to an end with no consensus reached on the cause of high global oil prices. One positive outcome is a pledge from Saudi Arabia to boost its output.
Meanwhile, a communique released from the meeting calls for joint efforts from oil producing and consuming countries to take practical and effective measures to stabilize the global oil markets.
Sunday’s meeting highlighted the sharp disagreement between oil producers and consumers over the core factors driving the steep price hikes.
Western nations put pressure on Saudi Arabia to step up production, saying insufficient oil production has not kept pace with growing demand, and that has caused the soaring oil prices.
Saudi King Abdullah said his kingdom would increase production to 9.7 million barrels a day, beginning in July.
He also proposed creating a one-billion US dollar OPEC fund and offered 500 million dollars in soft loans to help poor countries cope with soaring oil prices.
Oil consumers like Britain and the US said the move was unlikely to cool prices in the short term, after originally hoping for more decisive action.
But King Abdullah argued that Saudi Arabia was not to blame for high oil prices and denied there is a shortage of oil supply.
King Abdullah said, “There are several factors behind the unjustified, swift rise in oil prices: speculators who play the market for their own gain, increased consumption by several developing economies and additional taxes on oil in several consuming countries.”
Meanwhile, a statement released at the end of the meeting expressed the view that a stable international oil market is in the best interests of all concerned. It calls for improved transparency and regulation in oil production and financial markets dealing in crude oil. And it urges greater investments in the exploration and production of crude oil, as well as in renewable energy resources.
Saudi Arabia pledges to boost oil output
WATCH VIDEO
Source: CCTV.com | 06-23-2008 09:30
In a news conference after the meeting, Saudi Arabia’s oil minister Ali Naimi pledged to pump even more oil in the future, in response to the request of consumer countries.
Saudi Arabia’s oil minister Ali Naimi said, “The Kingdom is prepared to make additional quantities of crude oil available to the market, should our customers tell us they need to lift those additional barrels. At the same time, we are continuing our work to break further crude oil increments on-stream and to raise our maximum sustained production capacity which will reach 12 and a half million barrels per day at the end of next year.”
The oil minister from Kuwait, the world’s fourth largest oil exporter, made a similar promise. But other OPEC members said that alone would not be enough to calm a market driven to almost a 140 US dollars a barrel last week.
Editor:Zhang Ning
Duration : 0:4:23
One commenter suggested that world crude oil production was NOT an indicator for peak oil. The suggestion was that oil producers were holding back production to drive up price and that price was the driver behind production. But a graph of oil price v production does not offer us a correlation.
Another commenter suggested that Saudi Arabia had recently announced their intention to increase production even though price was low. Saudi Arabia has repeatedly indicated that it would increase production IF there was sufficient demand. In 2008 with prices at all-time highs, they did not increase production significantly and with oil prices again nearing $80 they are at a 5-year low in production.
The Saudis indicate that they will increase production to 14.5 Mbpd, but their peak production was 11.1 Mbpd in 2005. Every indication is that the only way to increase production is to sell sour oil.
OPEC has announced that they will increase production IF price goes over $100. I’m imagining that $100 will come and go without any significant increase in production.
Duration : 0:2:32