Heading Out

Seeking the winds that help to sail on Shakespeare's tide.

Monday, January 31, 2005

Trouble, trouble oil and bubble

It is interesting to note that China is buying up the excess production from Venezuela, and even new production. This has to be from the heavy crudes that have otherwise not found a market. Given that Saudi excess production is is heavy sour crude, and that the Chinese have been looking at getting into the oil sand production in Canada, this would suggest that they are getting out ahead of the pack in buying up the remaining currently difficult to market heavy oils. Unfortunately this means that when production of the more desirable sweet crudes drops the volumes that the rest of the world would anticipate moving into will have already been committed to China. Now if they could just find the tankers to ship the oil . .

Incidentally one of the current pinions of the US economy has been the use of the dollar in oil sales. It is interesting to note that the Chinese appear to have decided that with our budget so far out of balance, that enough might be enough. Which may also be why Bill Gates is also betting against it. Sounds as though trips to Europe are going to get even more expensive.

Given that Britain will apparently start being a net importer of natural gas this year, and of oil within the next two or three, it would appear that we had better start finding other places that can replace their contribution to the US supply. I guess that would most likely mean Libya who would like to see their production rise to 3 mbd.

All in all this could be an interesting year.


At 4:17 AM, Blogger Get-A-Free-House said...

How would you like to own a custom-built house at a 42% to 100% discount? Find out how today by visiting Get-A-Free-House.com

At 6:36 PM, Blogger Online Incomes said...

Nice blog, keep up the good work!
I have a blog/site toooregon home equity loan
It's a free information site on on home equity loans and refinancing. It can help you save money if you are in the market for a loan.
You should check it out if you have the time :-)

At 6:50 AM, Blogger Jim Naka said...

Keep it up. I enjoy your nice blog. check out my jada toy site. It pretty much covers jada toy related stuff.

At 7:36 AM, Anonymous Anonymous said...

Very Nice Blog Keep Up The Good work. I have a blog if your looking for computers digital cameras mp3 players dvd burners sotware. Your find all the best deals from the best stores on the net.

All Computer and Electronics shopping in one location

At 3:38 AM, Anonymous Anonymous said...

Great Blog! I would like to let your readers know about a site that can give them a FREE Instant Auto Loan Quote. Just Enter Your Zip Code!
You can check it out at:

At 4:57 AM, Blogger NYCGuy12 said...

Free Sensual Greeting Card

At 9:07 PM, Anonymous Anonymous said...

Hi, just came across your kaspersky anti-virus manual guide pdf blog. I also have a site relating to the kaspersky anti-virus manual guide pdf niche that I think your readers would be interested in. Would love you to stop by for your feedback

At 10:50 PM, Blogger BryanJWalker said...

Hey... looking for full length porn movies then you need to visit us today. We have over 300 full length porn movies available for download instantly. So check it out baby! Your gonna love it!

At 1:54 PM, Anonymous Anonymous said...

Hi :)

You have a great blog! Keep up the great work, and I'll be sure to visit regularly.

I have a online human resource degree related site, check it out if you get some time!

Look forward to reading more of your insightful post!

At 10:38 PM, Blogger plasticdoc said...

Hi:, Just came across your blog. Intersting post and good looking site. I'm definitely going to visit again! I recently set up a new website just about San Diego dentists There are a lot of interesting dental articles. We will also feature Tijuana dentists If you have the time, please stop by and let us know how we can improve the site. Bob

At 7:22 AM, Anonymous Anonymous said...

Great blog with some useful info on home equity loan ohio. I have a home equity loan ohio themed site you and your visitors might find interesting. I'd love for you to check it out.

At 12:45 AM, Anonymous Anonymous said...

Thanks for offering this great service to learn about alarm car clifford. I have a website about alarm car clifford which makes me very interested in what you have going here. I think I am going to start up my own blog so I can spread the news! Thanks you are offering this great service!

At 11:38 AM, Anonymous Anonymous said...

Nice Blog about toy story. I also have a Blog/Website about toy story which is why I enjoyed this blog so much. Keep up the excellent work! Check out my site if you have a moment.

At 2:47 AM, Blogger mwcart said...

Super blog you have. Did you know you can find information about Private Student Loan
at Private Student Loan
. Check it out if you have a change. I'll be sure and visit your blog again.

At 4:38 PM, Anonymous Anonymous said...

Hey! Great blog you got here, i enjoy reading your daily entries. Btw, i stumbled across this free Sony PSP thing from another blog entry cuz some kid posted a actual pic of him getting it and i really does work. if anyone wants to sign up go here

**Free PSP*

At 8:29 PM, Blogger gladys99 said...

Hey, you have a great blog here! I'm definitely going to bookmark you!

I have a retirement planner site. It pretty much covers marketing to seniors.

Come and check it out if you get time :-)

At 5:06 PM, Blogger Jessica Nick Simpson said...

Heading out, Been looking on the web for the latest information on matchbox car - saw your site clicked on it.Found Trouble, trouble oil and bubble, maybe not a perfect match - but found it interesting anyway.. off to look for matchbox car..

At 7:36 PM, Blogger Jessica Nick Simpson said...

HelloHeading out, Ive been surfing the web for the newest info on matchbox toy car and came accross your site. Trouble, trouble oil and bubble is'nt exactly what i was surfing for, but i see why i found it. Anyway, interesting read. I will continue to look for matchbox toy car etc... I will be back to your site sometime...

At 2:46 PM, Blogger Car Loans Home said...

Hi Thanks for your interesting blog. I also have a blog/site, covering calculator car citreon loan
related stuff. Feel free to visit my calculator car citreon loan

At 3:08 PM, Blogger Car Loans Home said...

Hi, Thanks for your interesting blog. Keep up the great work! I also have a site & blog about car loan phoenix
, please feel free to visit.

At 12:38 AM, Blogger Car Loans Home said...

I just came across your blog and wanted to drop you a note telling you how impressed I was with the information you have posted here.
I also have a web site & blog about lowest car loan
so I know what I'm talking about when I say your site is top-notch! Keep up the great work!


Post a Comment

<< Home

Weblog Commenting and Trackback by HaloScan.com