Remove 2013 Remove International Remove Kuwait Remove Market
article thumbnail

IEA: non-OPEC oil supply tops 43 mb/d for first time in decades; global demand to reach 92.4 mb/d in 2014

Green Car Congress

The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 mb/d in both 2013 and 2014, to reach 92.4 mb/d in both 2013 and 2014, to reach 92.4 Global demand is now seen advancing by 1.2 mb/d in 2014.

article thumbnail

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

Oil 150
article thumbnail

Landsat Proved the Power of Remote Sensing

Cars That Think

Toward the end, though, the speech took a curious and hopeful turn, as Nixon rhapsodized about the unifying potential of international cooperation in space exploration. government did not yet know about the Soviet’s crop failure and the ripple effects it would have on the global market, and farmers were happy to sell.

Power 111
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

mmbbl/day) in 2013. Control over the transportation assets in this region together with vast gas reserves make Russia the key element of this new market.”. The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The emergence of the U.S.,

Russia 150