quarta-feira, 25 de junho de 2008

PETRÓLEO

More on the Shadow OPEC

I have a guest post up on "The Oil Drum" (an excellent "out of the box" site on energy topics) on how global guerrillas can use disruption to set global oil prices. Have fun.

NOTE: On cue with this brief, a MEND attack on a Nigerian offshore facility (Shell's flagship project, Bongo, 75 miles offshore) took out 200,000 barrels a day of production yesterday. About ~9% of potential production and ~14% of existing production in one event. Didn't get the computer control room though (probably forgot the thermite). This is also likely light sweet oil production and it is at a level that is more than enough to offset the planned Saudi increase in heavy oil production (although not the Chinese price hike).

NOTE 2: More disruption in Nigeria. Chevron lost 120,000 barrels a day when its pipeline in the delta was breached on Thursday. This time from a youth group (gang). Open source insurgency at work...

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