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Interviewer: "What accounts for your success, Mr. Getty?"

J. Paul Getty: "Some people find oil, some don't."

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Entries Tagged as 'Angola'

African Production to Peak in 2013

October 30th, 2008 · No Comments

http://online.wsj.com/article/SB122461947159855391.html   Africa’s Potential to Sate World’s Oil Demand Dims By PETER FRITSCH Cape Town, South Africa The petroleum potential of Africa, a key contributor of oil barrels to thirsty markets, is beginning to look dimmer because of the credit crunch and a host of endemic challenges. Certainly, Big Oil’s continental land grab will continue. Countries such as Angola and those around the Gulf of Guinea continue to lease tantalizing exploration blocks in the deep waters off the Atlantic coast. That region has been …

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Tags: Angola · Nigeria · Peak Oil

Large Increase in OPEC Production Is Reported

August 23rd, 2008 · No Comments

According to the report posted below from Reuters, OPEC production may be running nearly 1mb/d above their target.  A Geneva consultancy that tracks tanker shipments estimates August OPEC production at nearly 33 mb/d, up almost 500 kb/d compared with July due to increases from Angola and Iran.  If true, the increased production would support claims by Iran that the market is being over-supplied and might help explain recently lower oil prices. OPEC output rising in August - petrologistics Fri 22 Aug 2008, 10:15 GMT By Alex Lawler LONDON …

More on this topic (What's this?)
"Why Oil Prices Must Fall" (naked capitalism, 10/8/08)
“Tiny Oil Stock, Drilling in the Hottest Region” Penny Oil Speculator (Stock Gumshoe, 9/11/08)
Todd Harrison Talks Dollar and Oil (market folly, 9/2/08)
Read more on Oil Prices, OPEC at Wikinvest

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Tags: Angola · Iran · Price of oil · oil supply