Are we running out? Marko’s take on world oil production and reserves. Part 1 of 2.
Duration : 0:4:41
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
OPEC ministers are meeting in Cairo to discuss the recent fall in oil price as Saudi Arabia identifies a price target per barrel of oil for the first time in years.
The Organization of Petroleum Exporting Countries (OPEC), which accounts for 40% of global oil production, cut output by 1.5 million barrels a day last month, but the move failed to stop prices from declining.
http://sharewave.org
Duration : 0:1:57
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
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
For decades the world’s major oil producers have tried to control prices by cutting or raising supplies, which relied on all of them sticking to agreed quotas.
But unity amongst oil-rich nations appears to be crumbling.
Now Russia has just overtaken Saudi Arabia as the world’s biggest producer and it’s done it by failing to keep its promise to slow down production.
Neave Barker reports from Moscow.
Duration : 0:2:31
Hitting “peak oil” (and then riding it all the way down) is going to be the major event in our lives. It’s going to change everything about the way we do everything, and has the potential to completely decimate what we have come to know as “civilization”.
Duration : 0:8:16