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  1. #1
    Atomic Punk
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    12.11.17 @ 04:37 PM
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    Default Iraqi oil output reaches highest level in more than 3 years

    PARIS, Dec. 14 (Xinhua) -- Iraq's oil output hit its highest level in about three years in November, reaching 2.32 million barrels per day, the Paris-based International Energy Agency (IEA) said Friday.

    The oil output of the war-torn country enjoyed increase from the first quarter of 2007, when the oil output stood at 1.9 million barrels per day, the agency said in its monthly oil market report.

    Security in Iraq has been improved since the spring of 2004, when the anti-U.S. insurgency started to intensify, the 58-page report said.

    The increase in output resulted largely from "more regular" pipeline crude shipments from fields around the northern city of Kirkuk to Ceyhan in Turkey, the IEA said.

    The report also expected a sustained or higher volumes of oil output in the next two to three months from Iraq.

    Iraq's oil pipelines have come under repeated attacks by the anti-U.S. forces since the United States invaded Iraq in 2003. The country's oil production remained between 1.7 million and 2 million barrels per day, the IEA said.
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  2. #2
    Atomic Punk
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    07.24.11 @ 04:36 PM
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    Quote Originally Posted by voivod View Post
    PARIS, Dec. 14 (Xinhua) -- Iraq's oil output hit its highest level in about three years in November, reaching 2.32 million barrels per day, the Paris-based International Energy Agency (IEA) said Friday.

    The oil output of the war-torn country enjoyed increase from the first quarter of 2007, when the oil output stood at 1.9 million barrels per day, the agency said in its monthly oil market report.

    Security in Iraq has been improved since the spring of 2004, when the anti-U.S. insurgency started to intensify, the 58-page report said.

    The increase in output resulted largely from "more regular" pipeline crude shipments from fields around the northern city of Kirkuk to Ceyhan in Turkey, the IEA said.

    The report also expected a sustained or higher volumes of oil output in the next two to three months from Iraq.

    Iraq's oil pipelines have come under repeated attacks by the anti-U.S. forces since the United States invaded Iraq in 2003. The country's oil production remained between 1.7 million and 2 million barrels per day, the IEA said.
    and somehow I think this news will not be accompanied by any drop in gas prices...

  3. #3
    Wear the fox hat... Filthy 150's Avatar
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    10.16.17 @ 11:43 AM
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    Oil from Iraq would go to Europe, China or India.

    Not here.
    "Here's to swimmin' with bow legged women."
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    "I think you're all fucked in the head. We're ten hours from the fucking fun park, and you wanna bail out! Well, I'll tell you something, this is no longer a vacation . . . it's a quest! It's a quest for fun! I'm gonna have fun, and you're gonna have fun! We're all gonna have so much fucking fun we'll need plastic surgery to remove our Goddamn smiles! You'll be whistling Zip-a-dee-doo-da out of your assholes! "
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    VIVA TEXAS LINKERS WEEKEND!
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    Round III = Done!
    Round IV = Done!
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  4. #4
    Sinner's Swing! the_atomic_punks_rule's Avatar
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    12.20.16 @ 03:09 PM
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    Quote Originally Posted by broken9500 View Post
    and somehow I think this news will not be accompanied by any drop in gas prices...
    It will as the election nears.

  5. #5
    Good Enough pal1800's Avatar
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    06.02.16 @ 09:13 AM
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    Quote Originally Posted by broken9500 View Post
    and somehow I think this news will not be accompanied by any drop in gas prices...
    You live in Houston, you should know better. Gas prices may drop slightly along the way, but long term they are going up. We consume way too much here in the U.S. I think we make up 10% of the world population but we use 25% of the worlds energy. Until we find a viable solution, we have a problem to deal with. So far the alternative fuels are not cutting it even with the government welfare! So, I guess it's time to ride a biycycle, but what can we make the wheels out of that is enviornmently friendly?

  6. #6
    Atomic Punk
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    07.24.11 @ 04:36 PM
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    Quote Originally Posted by pal1800 View Post
    You live in Houston, you should know better. Gas prices may drop slightly along the way, but long term they are going up. We consume way too much here in the U.S. I think we make up 10% of the world population but we use 25% of the worlds energy. Until we find a viable solution, we have a problem to deal with. So far the alternative fuels are not cutting it even with the government welfare! So, I guess it's time to ride a biycycle, but what can we make the wheels out of that is enviornmently friendly?
    even with our consumption as high as it is, the price of gasoline has nothing to do with real economic factors...beyond various companies wanting to cash out...which I don't necessarily begrudge...i just don't like being given stories about lower output, inclimate weather blah blah blah driving the prices up when it's plain to see that the price is artificially driven in order for various people to profit off it. And yeah, I'm in Houston and if it wasn't for the industry, this would all be swamp land so like I said, I don't necessarily have a problem with people raking in dough hand over fist over foot...i just don't like being patronized. I'd have the most respect in the world for one of those guys to just blankly say "yeah well...sucks for you...you should have gotten into the oil business way back when like I did! I'm making a killing!!!" I'd think he was an arrogant bastard but at least I'd give him props and respect for his honesty!

  7. #7
    Good Enough pal1800's Avatar
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    06.02.16 @ 09:13 AM
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    Quote Originally Posted by broken9500 View Post
    even with our consumption as high as it is, the price of gasoline has nothing to do with real economic factors...beyond various companies wanting to cash out...which I don't necessarily begrudge...i just don't like being given stories about lower output, inclimate weather blah blah blah driving the prices up when it's plain to see that the price is artificially driven in order for various people to profit off it. And yeah, I'm in Houston and if it wasn't for the industry, this would all be swamp land so like I said, I don't necessarily have a problem with people raking in dough hand over fist over foot...i just don't like being patronized. I'd have the most respect in the world for one of those guys to just blankly say "yeah well...sucks for you...you should have gotten into the oil business way back when like I did! I'm making a killing!!!" I'd think he was an arrogant bastard but at least I'd give him props and respect for his honesty!
    Fair enough, but just remember that it is the Wall Street guys that move the prices up and down. The oil companies sell for the going rate. And a side note, the gas stations don't make much at all on the gas, they make money on the cokes and twinkies and chips much to the dismay of San Fransisco!

  8. #8
    Hang 'Em High janthraxx's Avatar
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    11.18.14 @ 07:57 PM
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    Quote Originally Posted by Filthy 150 View Post
    Oil from Iraq would go to Europe, China or India.

    Not here.
    Wrong. Thus far in 2007, we've gotten on average about 500,000 barrels of crude oil per day from Iraq. There are five countries from which we get more oil, but to say that we don't get any from them is completely specious.

    From the Energy Information Administration:

    http://www.eia.doe.gov/pub/oil_gas/p...nt/import.html
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  9. #9
    Atomic Punk
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    Quote Originally Posted by pal1800 View Post
    Fair enough, but just remember that it is the Wall Street guys that move the prices up and down. The oil companies sell for the going rate. And a side note, the gas stations don't make much at all on the gas, they make money on the cokes and twinkies and chips much to the dismay of San Fransisco!
    oh I have nothing against the lowly convenience store owner...they're not making a bundle off all of this at all and like I said, I don't have anything inherently against the oil tycoons either. As for the wall street guys having all the pull, to say the oil tycoons have no influence over said wall street guys is just naive.

  10. #10
    Wear the fox hat... Filthy 150's Avatar
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    Quote Originally Posted by janthraxx View Post
    Wrong. Thus far in 2007, we've gotten on average about 500,000 barrels of crude oil per day from Iraq. There are five countries from which we get more oil, but to say that we don't get any from them is completely specious.

    From the Energy Information Administration:

    http://www.eia.doe.gov/pub/oil_gas/p...nt/import.html
    OK, I'll clarify. On paper we are getting oil from Iraq. But right now we are selling it to China to help settle a huge debt. Maybe some is getting shipped here for the dog and pony aspect, but the majority is being shipped to China.

    My point (that I did not make at all) was that the increase in output will not change the domestic price.
    "Here's to swimmin' with bow legged women."
    Quint- Boat Captain
    --------------------------------------------------


    "As God as my witness...I thought turkeys could fly"
    Arthur Carlson- Radio Station GM
    --------------------------------------------------


    "I think you're all fucked in the head. We're ten hours from the fucking fun park, and you wanna bail out! Well, I'll tell you something, this is no longer a vacation . . . it's a quest! It's a quest for fun! I'm gonna have fun, and you're gonna have fun! We're all gonna have so much fucking fun we'll need plastic surgery to remove our Goddamn smiles! You'll be whistling Zip-a-dee-doo-da out of your assholes! "
    Clark W. Griswold- Food Additive Designer
    ---------------------------------------------------


    VIVA TEXAS LINKERS WEEKEND!
    Round I = Done!
    Round II = Done!
    Round III = Done!
    Round IV = Done!
    Round V = Done!
    Round VI = Done!
    Round VII = Done!
    Round VIII = Done!

 

 

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