Lesson of Iraq: High Oil Prices May Not Be Temporary

Article Abstract:

Although Saudi Arabia has promised to increase oil production to make up for any temporary drop in Iraqi petroleum exports, experts doubt that Saudi Arabia can produce the extra 1.3 million barrels a day they say they have available. The problem stems from a lack of capital investment by the oil industry over the past two decades. There is no shortage of oil in the world, but there is a shortage of infrastructure to move the oil to refineries and then to market.

Market information - general, Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Foreign trade, International economic relations, Saudi Arabia, Goods & services distribution, Channels of Distribution, Exports, Energy Supply, Energy Supply Programs-Oil, Analysis, International trade, Supply and demand, Distribution, Company distribution practices, Iraq War, 2003-, Trade policy

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Oil Prices Hit Two-Month Low After Early Power Transfer in Iraq

Article Abstract:

The early handover of power in Iraq brings stability to the petroleum industry. Crude oil production is up and prices are down.

United States, International aspects, Political aspects, Sovereignty

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