The World Energy Dilemma by Louis W. Powers

Saudi Crude Exports at Seven Year High in 2012

Lou Powers — Thu, 07 Mar 2013 16:44:28 +0000

Saudi Arabia exports of crude were at a seven year high in 2012 as reported by Bloomberg News recently. Yet Saudi Aramco did cut production in December 2012 and have continued that cut through January according to later reports.

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http://www.bloomberg.com/news/2013-02-18/saudi-crude-exports-for-2012-reached-seven-year-high-data-show.html

What is President Obama Waiting on Now?? It is Time to Approve the XL Pipeline before the USA Loses the Opportunity

Lou Powers — Thu, 07 Mar 2013 16:22:03 +0000

Now that the Governor of Nebraska has okayed the alternate pipeline route through Nebraska and the State Department has approved the XL Pipeline from an enviormental threat standpoint what is our president waiting on? What about the several thousand jobs the pipeline will create? Are they not important in this time of unemployment.

http://www.newsmax.com/Newsfront/keystone-xl-oil-pipeline/2013/03/02/id/492763?s=al&promo_code=12A5B-1

Analysis Saudi Arabia Energy Profile Update-US EIA with Saudia-US Relations Info Service Comments

Lou Powers — Thu, 14 Feb 2013 15:50:34 +0000

This is a very important review of Saudi Arabia Energy Analyis by EIA 19 pages. While I write in my book “The World Energy Dilemma” a critical analysis of past EIA forecasts this appears to me to be well thought out and a detail review of where the Saudi’s stand on Energy issues. It discusses the need for the Saudi’s to curb their growing apeitite for consuming liquid hydrocarbons, in order to maintain their export capability.

It does talk about the Saudi capacity of slightly under 12 million b/d and their need to offset their normal decline due to depletion. It does not metion the Saudi potential fo develop substantial shale oil reseserves which the Saudis plan to explore starting this year.

On balance this article is worth downloading from the following link and taking the time to review.

http://us1.campaign-archive1.com/?u=eccfe5fcd268d2f33b066f0ea&id=7e13c72ae2&e=722a566f66

January Production, Saudi Maintains Level Near 9 Million Bbls/day

Lou Powers — Fri, 08 Feb 2013 19:51:25 +0000

According to Bloomberg Feb 7, 2013 report the Saudis produced 9.05 Million Bbls/day in January while supplying some 9.26 Million Bbls/day making up the difference from inventory. It is interesting to note how world crude prices have risen some 10 dollars per barrel plus or minus since the Saudis began their cut back in early December. See the attached Bloomberg Feb 7, 2013 link.

http://www.bloomberg.com/news/2013-02-07/saudi-arabia-stabilizes-oil-output-as-opec-maintain-cap.html

Now that Nebraska Govonor Has Approved Alternate XL Pipeline Route How Long Will Obama and His Green Supporters make Americans Wait???

Lou Powers — Tue, 29 Jan 2013 21:12:39 +0000

This project has all ready been delayed to long. Talk about jobs and secure energy supply. This is a no brainer, President Obama. Save your green supporters another trip to Washington where they will hopefully will be waisting their money and their gasoline.

http://www.pennenergy.com/articles/pennenergy/2013/api-applauds-keystone-xl-route-approval-from-nebraska-governor.html?cmpid=EnlDailyPetroJanuary232013

Saudis Cut Back On Oil Production in Dec 2012

Lou Powers — Thu, 17 Jan 2013 23:48:40 +0000

Article says Saudis cut back production in Dec 2012 to 9.025 mm bbls day per bloomberg not becasue of price but due to surplus of world oil demand. Somewhat confusing in that two go together. While other world events also effect world crude oil prices such as the gas plant hostage taking in Algeria, as of today January 17, 2013 WTI crude oil prices in the last 6 weeks have risen over $10.00/bbl, risen all most on a weekly basis. It is interesting to note that little news of the Saudi action hit the news until this week, as reported in the following, link.

http://www.bloomberg.com/news/2013-01-14/saudi-arabia-says-oil-production-cut-not-designed-to-boost-price.html

What is the Future of Saudi Natural Gas Prices?

Lou Powers — Mon, 31 Dec 2012 16:09:59 +0000

Reference from Reuters Dec 19. 2012 Report

http://uk.reuters.com/article/2012/12/19/uk-saudi-gas-price-idUKLNE8BI01Z20121219

Saudi Arabia Boosts Spending Goal by Fifth in Recond Budget. Sees Need for $75.00/bbl Happy with Brent >$100/Bbl

Lou Powers — Mon, 31 Dec 2012 16:03:59 +0000

Reference Bloomberg Article December 28th, 2012

http://www.bloomberg.com/news/2012-12-29/saudi-arabia-boosts-2013-spending-in-record-budget-state-tv.html

Review of OPEC Spare Capacity Oil Drum

Lou Powers — Thu, 29 Nov 2012 02:54:40 +0000

For a detailed OPEC Country report see the following which was posted on the Saudi U. S. Trade Association Site.

http://www.theoildrum.com/node/9646

The Next Oil Crises: Is the Boom Just Another Bubble

Lou Powers — Tue, 20 Nov 2012 14:31:15 +0000

Lou Powers to be one of several Speakers at ASPO USA meeting to be held at The University of Texas, Etter-Harbin Alumni Center Austin, Texas November 30-December 1 Powers will have copies of his book, The World EnergyDilemma available at a discount with no postage. See you there. Contact ASPO USA for reservations.

Powers will also be attending the Houston area IPAA meeting at the Petroleum ClubDecember 12th in Houston and also will be selling his book at a discounted price. Contact Houston IPAA to attend.

Lou Powers