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Oil crunch on the anvil ?

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Rig-a-Dig Oil

Beginner

Posts: 2

1

Wednesday, November 12th 2008, 7:57am

Oil crunch on the anvil ?

The IEA's latest World Energy Outlook reports" The immediate risk to supply is not one of a lack of global resources, but rather a lack of investment".

An eye opening report by The Guardian, today. http://www.guardian.co.uk/business/2008/…s-credit-crunch.

Barth

Beginner

Posts: 19

2

Wednesday, November 12th 2008, 3:40pm

Oil crunch due to lack of investment?

Dear Rig-a-Dig Oil,

The link that you have pasted is not complete. Could you paste the proper link?
This could be interesting reading.

Thanks

Rig-a-Dig Oil

Beginner

Posts: 2

3

Thursday, November 13th 2008, 3:40am

Barth,

The same link seems to work fine for me. But anyways, you can find the article at
guardian.co.uk ->business->After the credit crunch, the oil crunch.

suares into oil

Beginner

Posts: 2

4

Thursday, November 13th 2008, 4:04am

OPEC not happy with IEA report ?

Yesterdays report may have made an interesting read, but the OPEC seems none too happy with it. Abdullah al-Badri, Opec's secretary-general, gave a scathing remark on the report. “I don't trust this report,” he said. “I don't think the IEA is equipped to review these oilfields...I don't see how it will be useful."

Read the news at http://business.timesonline.co.uk/tol/bu…icle5141848.ece

Bob Peters

Beginner

Posts: 15

5

Sunday, November 16th 2008, 5:02pm

How do the sources collect such authentic reports

Dear Suares,

We need to stop for a moment and think how the information sources get the information. Some real points to note in a very practical world :
Very few companies divulge information.
Some more companies give some information only.
Many companies do not even like others asking for information.
For some, even if the information is given, it is generally the information that is required to be disclosed by law or for marketing.

So the final question : How much percentage of the information by many agencies is true? While some information can be 100% true, can we say that some information may be just 10% true?

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