10 Sep Bp was totally unprepared for gulf spill and that he’s going to be going down in the history books as an awful manager
Bp was totally unprepared for gulf spill and that he’s going to be going down in the history books as an awful manager. »
But many in the Gulf are already in his corner. They are ready.
The Gulf is already witnessing a boom that no oth김천출장마사지 김천안마er country in the world is seeing. And the economic recovery is unstoppable.
The region’s biggest power producers like oil-producing countries like Saudi Arabia and the United Arab Emirates have emerged as winners. A lot of the boom in global oil production was in the mid-2000s, when the Saudi government imposed a cap on oil output that had helped stabilize prices and put an end to a decade of oil price collapse.
All that is about to change. As the first Gulf countries to release oil to market since 2010, their ability to refile is not likely to stay in the black.
But the new rules and standards governing global energy are changing the world’s energy business in major ways. They are reshaping how oil is extracted and refined. The new rules are driving prices downward. And that’s just what Saudi Arabia and other oil-producing nations want.
It’s now possible that, even though the OPEC production cap is expected to be lifted, prices are likely to decline even more. Oil producers and their shareholders may even pay more because of higher costs.
« In the near term you have very good fundamentals for prices but 시흥출장마사지you have the capacity of new exploration coming online in the Gulf and the Gulf States. At some point there may be a very small number of people in the future who will be investing in the oil industry. And it may be a very small number, » said Tony Wood, president of Wood Mackenzie Ltd., which manages about $80 billion.
These factors could make the new rules even worse for Gulf oil producers.
But for now, the industry is trying to prepare for it.
The world’s oil-producing countries need to adjust quickly because a big new problem — the glut of supplies – is set to be solved soon. They’re also scrambling to figure out how to get the global demand for crude out of the glut and into the supply glut. It’s a combination of a growing economy, the g우리 카지노 쿠폰rowth of the U.S. economy and the U.S.-led military alliance with Saudi Arabia.
While the United States is leading the charge on reducing the U.S. dependency on the Middle East, Saudi Arabia continues to do the same. While the U.S. oil market is not dependent on Saudi Arabia o