Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
And 400kbpd represents 10-20% of spare capacity, aside from the fact that the most likely places for US refineries to replace North Slope production are a long tanker ride away so there are time issues and tanker fleet issues.

The UK board's Dubai correspondent brings up an interesting issue, that the Gulf countries might be reluctant to increase supplies in the wake of the US/Israel devastation of Lebanon :

http://boards.fool.co.uk/Message.asp?mid=10118576

Worth a read. [log in with your fool.com username if need be]

Also been some discussion on of the leak on our general Companies board and the UK BP board. They seem to be looking at a restart in January - best hope that there's no more Katrinas, although AIUI the forecast for this hurricane season has been revised down.

FWIW, the press here are attributing the falls in spot prices to fears about airline demand after today's events, rather than anything to do with a hedge fund's problems.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.