February 23rd, 2011 06:05 pm · Posted in NEWS (Iraq & World Currency)
Financial Times: Revolutions could rob Opec of its ability to manipulate supply
Posted: February 23, 2011 by THE CURRENCY NEWSHOUND – Just Hopin in Iraqi Dinar/Politics
Energy Source:
Colonel Gaddafi’s rather strange television appearance last night failed to quell the Libyan insurrection, and this morning has seen a mounting number of oil companiesdepart the country and the oil price continue to surge.
The news for Opec in the short term is bad, with Libya currently accounting for 1.6m barrels a day of oil production. In the long term, it could be even worse, however, especially if trouble spreads to Kuwait, with 2.3m b/d, Iran, with 3.7m, or even the big one – Saudi Arabia, with 8.3m.
Read More: LINK
SOURCED FROM
home page under LINKS
No comments:
Post a Comment