Middle Eastern Oil: An Historical Perspective and Outlook

Mercurial Times ^ | 5/25/02 | Sean Finnegan

[nunya bidness]

It's very long but it's comprehensive.

[Gore_ War_ Vet]

It's very long but it's comprehensive.

Ya think!
I'll get back to ya on Friday.

[nunya bidness]

Perfect. I should be getting close to town by then. We stayed a little late down here but we're heading your way tomorrow.

We can hash it out over some rock fishing.

[MadameAxe]

Dang!

[RLK]

This thing reads like a novel. It's interesting. It would take a year of study to understand it.

As to why the middle east is important to us: two reasons, oil and Israel. Without those we would never here of the area.

[RLK]

Further frustration was added when the Bahrain fields produced crude heavy in sulfur and as such the company couldn't find buyers in the European market where the refineries weren't capable of dealing with the oil. A joint venture was the solution and the other partner was Texaco.

----------------------

In addition to having oil, Texas has some of the largest sulfur deposits ub the world, which gave Texaco experience in sulfur influenced oil.

[RLK]

It is asked why Hitler made the error of opening up a second front with the Soviets. The answer, hinted at here, was the presence of oil fields in Russia to the Northeast of Germany.

[Travis McGee]

Whew! Let me get back to you!

[nunya bidness]

As to why the middle east is important to us: two reasons, oil and Israel. Without those we would never here of the area.

Both valid and staggering in implementation. You'll find the two are inextricably entwined.

[nunya bidness]

Take your time, I'm moving my boat north tomorrow. It should take a week to get there.

[Travis McGee]

Where to where? Inside or outside?

[nunya bidness]

West coast Florida to the Chesapeake. It should take five days if we stick to the outside. Granted, we'll be facing bucking the stream if the wind comes out of the north but that's the breaks.

Ideally we'll make good ground if we can keep outside for the bulk of the trip before we go inside at Morehead, it's only practical there.

I'm not sweating any part of the trip until we pass Little Creek. When we make the left turn up the Bay is when it gets interesting. The last time the Bay let us know it was boss with 4 foot waves and a nasty wind out of the north. We had it on the nose the whole way.

Hatteras is a snore compared to a low pressure system on the Chesapeake. Did I mention we'll have to dodge the navy the whole way up?

Gotta' love those Yamaha stern drives though. They are rock solid.

By the time you send your epilogue I should be able to receive it. And I might be reading it while dining on bull dolphin or yellowfin tuna. Not too shabby.

[okie01]

Bump for later

[Don W]

bump for later

[CGVet58]

whew! but a keeper ntl...

[Amelia]

Bump to read later.

[Carry_Okie]

OPEC producers' earnings went from $23 billion in 1972 to $143 billion in 1977.

Is this set of numbers in constant dollars (I doubt it)? This was a period of high inflation.

[Carry_Okie]

Carter's presidency was poisoned by the crisis and in an attempt to resolve the issue he eliminated price controls on oil prices, while implementing a "windfall profits tax" on "excess" oil company profits. That single action alienated both sides of the aisle and cost him reelection.

Oh come on, Sean! As if 15% inflation, 20% mortgage interest rates, Soviet proxies in Central America, high unemployment, and the Soviet military buildup had nothing to do with it?

[Carry_Okie]

The war severely disrupted both sides but Iraq suffered worse. Its output was virtually shut down by attacks and by Syria siding with Iran and shutting down its pipeline from Iraq to the Mediterranean Sea.

This is most curious. Why would a Ba'athist regime like Syria take sides against another secular Ba'athist regime, namely Iraq, in favor of a theocracy like Iran?