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Saudi Arabia: Producing More Crude, Selling Less?

October 27, 2014

Saudi Arabia: Producing More Crude, Selling Less?. Media reports are quoting an anonymous source as saying Saudi Arabia, the world’s leading oil exporter, supplied foreign and domestic customers with less crude during September even though its oil production was up slightly. The source, identified only as being familiar with the Saudi oil industry, said it extracted, on […]

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Our Finite World | Exploring how oil limits affect the economy

October 23, 2014

Our Finite World | Exploring how oil limits affect the economy. A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total producers would provide enough–but not too much–oil for the world economy. The […]

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How will Saudi Arabia respond to lower oil prices? | Econbrowser

October 21, 2014

How will Saudi Arabia respond to lower oil prices? | Econbrowser. Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production. I say, don’t hold your breath. When oil demand fell in the 1981-82 recession, the […]

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Resource Insights: Oil decline: Price makes the story

October 20, 2014

Resource Insights: Oil decline: Price makes the story. When the world’s business editors sent their reporters canvassing to find out what is behind the recent plunge in the world oil price, they were doing what they do almost every day for every type of market: stocks, bonds, currencies, commodities and real estate. In financial journalism […]

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Peak Oil Notes – Oct 16

October 18, 2014

Peak Oil Notes – Oct 16. The price plunge which began in mid-June when New York oil futures trading around $105 a barrel continued this week with oil touching $80 on Wednesday before recovering to close at $81.78. London’s Brent crude underwent a similar collapse to close yesterday at $83.46. Weak demand: increasing US shale […]

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