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Author Topic: Growth in non-OPEC oil will reach highest since 1970s Back to Topics
mastermariner

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Message Posted: Oct 11, 2013 2:52:14 PM

The International Energy Agency estimates that oil producers outside OPEC, led by the U.S., Canada and Kazakhstan, will bolster supplies next year by the most since the 1970s, undermining the need for OPEC’s crude.

Producers outside the Organization of Petroleum Exporting Countries will increase output by a near-record 1.7 million barrels a day next year to 56.4 million, the IEA said, boosting its forecasts from a month ago by 300,000 barrels a day. Supply losses in OPEC members Libya and Iraq, which reduced the group’s output to a two-year low, are preventing the new shipments from calming oil prices, the Paris-based adviser to energy-consuming nations said.

“Non-OPEC crude and other liquids supply scaled new heights lately” and this “surge looks less like a one-off than a preview,” the
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REPLIES (newest first) Post a Reply
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POWERSTROKE7.3L
Champion Author Washington

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Message Posted: Oct 13, 2013 8:08:43 AM

OK.
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bston
Champion Author Oklahoma City

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Message Posted: Oct 13, 2013 1:15:37 AM

Hopefully a move in the tight direction.
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drobbbb
Champion Author Maryland

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Message Posted: Oct 12, 2013 8:43:55 PM

opec slowing losing its grip
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DanMtz
Champion Author Oakland

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Message Posted: Oct 12, 2013 11:47:32 AM

OPEC? Who?
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ObieDog
Champion Author Maryland

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Message Posted: Oct 12, 2013 10:14:48 AM

Yay.
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VMIJim
Champion Author Alabama

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Message Posted: Oct 12, 2013 7:08:10 AM

Those OPEC vultures have made too much money off of us already. Too bad Oblamer can't get involved with helping us at the pump rather than playing Chicken Little with the govt shutdown & debt ceiling. Oh I forget, it's still Bush's fault.
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Winatgas
Champion Author Kentucky

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Message Posted: Oct 12, 2013 12:57:59 AM

Agree with endymion - the U.S. needs to get out from under OPEC's noose.
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endymion
Champion Author New York

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Message Posted: Oct 11, 2013 9:33:01 PM

The less OPEC oil the happier the US will be.
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Rayfuel
All-Star Author Houston

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Message Posted: Oct 11, 2013 9:29:13 PM

Good!
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twinfanMN
Champion Author Minnesota

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Message Posted: Oct 11, 2013 8:04:04 PM

Good get OPEC out of our business
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jjjleblanc
Champion Author Rochester

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Message Posted: Oct 11, 2013 7:41:00 PM

Sounds great.
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Lugi1967
Champion Author Ohio

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Message Posted: Oct 11, 2013 7:16:19 PM

Self reliance is always better
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mdcsgt
Champion Author South Carolina

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Message Posted: Oct 11, 2013 6:18:18 PM

That's all good BUT what I want to know is the effects on PUMP PRICES??
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scottyiam
Champion Author Reading

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Message Posted: Oct 11, 2013 5:36:25 PM

Ok
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Oct 11, 2013 3:43:57 PM

GOOD NEWS.
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madison8359
Champion Author Cleveland

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Message Posted: Oct 11, 2013 3:07:20 PM

But this will not help with high fuel prices.
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