Letters

09/19/2005
Oil availabilityThe article “Forces beyond demand growth reshaping trade in oil and gas” seems to have omitted one of the most critical of those forces-oil supply availability (OGJ, Aug. 1, 2005, p. 18). It is astounding that the US Energy Information Administration (EIA) continues to forecast oil exports both from the Persian Gulf members and from all members of the Organization of Petroleum Exporting Countries to increase by roughly 100% from 2001 through 2025. That forecast is credible only to those who believe EIA’s companion forecasts of 2005 crude oil prices falling in a range of about $25-44/bbl.The EIA perception of oil availability over the next 20 years is in s...
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