ABUJA (Rheuters) – Oil prices are very low, harming investment in the industry and something must be done to steady the market, OPEC President Edmund Daukoru said on Tuesday. That’s right folks. Now that oil prices have hit a “low” of $60, OPEC is starting to worry. Still optimistic gas prices will fall below 90c/L? …
Tag Archives: Economy
Mexicos largest oil field starts to decline?
Saw this on the Oil Drum this afternoon The original article appeared in the LA Times today. Production at Cantarell, the world’s second-largest oil complex, in the shallow gulf waters off the shore of Mexico’s southern Campeche state, averaged just over 1.8 million barrels a day in May, according to the most recent government figures. …
Continue reading “Mexicos largest oil field starts to decline?”
An Iranian talking about War with US
I have an Iranian friend with whom I often chat online. She’s a recent immigrant to Vancouver from Iran. She is studying at one of the Universities here. Now that classes are over, she is headed back to Iran to visit family and friends. (Her parents have immigrated here as well). Our conversation veered today …