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Re: Have you ever heard about this on the news?


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Posted by LAA on January 07, 2015 at 10:33:56 from (86.51.147.113):

In Reply to: Re: Have you ever heard about this on the news? posted by John in La on January 07, 2015 at 06:14:03:

No, that statement is not in the least misleading because all countries production are computed in the same way, they don't count Jack Daniels and Budwieser but they do count The total oil production which includes production of crude oil (including lease condensate), natural gas plant liquids, and other wet gas liquids, and refinery processing gain. Don't forget that Saudi is the largest refiner in the region and supplies most of the diesel and jet fuel in the region, plus every drop of other fuel it takes to run a country with zero hydroelectric capacity and zero coal or nuclear power generation so they do consume a substantial amount of their own production, roughly 25% in fact and that is steadily increasing. They do claim excess, currently shut in capacity of roughly 3 million BPD.


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