World Crude Oil Production and the Oil Price | FRACTIONAL FLOW.
In April 2012 I published this post about World Crude Oil Production and the Oil Price (in Norwegian)which was an attempt to describe the developments in the sources of crude oils (including condensates), tranches of total life cycle costs (that is [CAPEX {inclusive returns} + OPEX] per barrel of oil) and something about the drivers for the formation of the oil price.
Rereading the post and as time passed, I learnt more and therefore thought it appropriate to revisit and update the post as it in my opinion contains some topics from what I have observed, learned and discussed that have been given poor attention and appears poorly understood.
I will continue to pound the message that oil prices are also subject to the reality of;
…click on the above link to read the rest of the article…
