Boise Classifieds

GasBuddy News Article

votes

Global reliance on OPEC to rise: IEA

PressTV -- “Global dependence on the OPEC for oil will rise in the next five to 10 years as output by non-OPEC nations falls,” IEA Executive Director Nobuo Tanaka said.

"We have seen an increase in non-OPEC supplies. But in the mid-term, non-OPEC production will decline, so dependency on OPEC oil will increase.”

Tanaka noted that the global oil market is currently well supplied. It is anticipated that there will be no change to OPEC production quotas.

Iran is OPEC’s second-largest oil producer after Saudi Arabia.

In 2009, Iran's crude production stood at approximately at 3.8 million barrels per day.

OPEC's 12 members — Iran, Iraq, Saudi Arabia, Qatar, the United Arab Emirates, Kuwait, Algeria, Libya, Nigeria, Angola, Ecuador, and Venezuela — produce about 40 percent of the world's crude oil

Read the Full Article

Submitted Sep 05, 2010 By: MidNJ

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Global reliance on OPEC to rise: IEA	Post a Reply Back to Topics

REPLIES (newest first)

First

Next Last

TheDix Champion Author Ontario Posts:1,997 Points:358,235 Joined:Dec 2009	Message Posted: Oct 15, 2010 2:04:55 PM Ignore TheDix Report Abuse Cut back on dependence by cutting back on use.
lgppa Champion Author Pennsylvania Posts:11,530 Points:496,235 Joined:Sep 2010	Message Posted: Oct 15, 2010 1:20:18 PM Ignore lgppa Report Abuse Isn't it great sending US dollars to all those counties that hate us! Like we depend on them for our oil based economy and they are going to use that money somehow against us.
Blue48 Champion Author Illinois Posts:4,960 Points:1,172,120 Joined:Feb 2007	Message Posted: Sep 11, 2010 9:52:38 PM Ignore Blue48 Report Abuse WHATEVER!
1006 All-Star Author Birmingham Posts:929 Points:1,027,620 Joined:Apr 2008	Message Posted: Sep 6, 2010 5:12:19 AM Ignore 1006 Report Abuse the gov has forced us to stop exploration; too few are thinking ahead.
Jeff4U Champion Author Atlanta Posts:5,963 Points:1,385,630 Joined:Nov 2004	Message Posted: Sep 6, 2010 2:03:24 AM Ignore Jeff4U Report Abuse I wouldn't put too much stock in the IEA's crystal ball.
dks2000 Veteran Author Houston Posts:275 Points:210,750 Joined:Oct 2008	Message Posted: Sep 6, 2010 12:53:52 AM Ignore dks2000 Report Abuse Yes there is a world market for crude oil, but if America can safely and responsibly drill more oil here then that means more than just oil. It means JOBS.
eromitlab Champion Author Huntsville Posts:6,653 Points:1,327,085 Joined:May 2008	Message Posted: Sep 6, 2010 12:13:36 AM Ignore eromitlab Report Abuse hubcap, you do know that oil drilled here goes on the world commodities market like any oil drilled anywhere else to be sold to the highest bidder, right? Is the American Petroleum Institute paying you to lobby on their behalf, or are you just doing it for kicks because you hate "tree-huggers" so much? Hope you don't care to hunt, or fish, or breathe non-toxic air, or drink non-toxic water, just so long as huge corporations that don't give one whit about you can do whatever they want, right?
hubcapLA Champion Author Louisiana Posts:2,559 Points:663,605 Joined:Apr 2009	Message Posted: Sep 6, 2010 12:08:09 AM Ignore hubcapLA Report Abuse If the Environmentalists would shut up we could drill here and be completely oil independant. The Caribou don't seem to mind the drilling, just the freaky tree huggers.
Saturn93 Champion Author Salt Lake City Posts:6,571 Points:1,488,850 Joined:Oct 2006	Message Posted: Sep 5, 2010 11:57:47 PM Ignore Saturn93 Report Abuse And what is Pres. Obama and Congress doing to seriously move us away from OPEC and toward energy independence? It will take all forms of alternative energy in concert to achieve such a lofty goal.
cheapertvs Champion Author Richmond Posts:7,846 Points:2,274,820 Joined:Jan 2004	Message Posted: Sep 5, 2010 11:54:35 PM Ignore cheapertvs Report Abuse We need to move to natural gas as our primary fuel and get off the oil addiction.
REVLAW Champion Author San Antonio Posts:8,027 Points:1,539,515 Joined:Jul 2007	Message Posted: Sep 5, 2010 11:52:39 PM Ignore REVLAW Report Abuse Need to covertly cause domestic unrest in each OPEC nation. Then refuse any aid whatsoever.
ex911 Champion Author San Jose Posts:6,844 Points:1,339,770 Joined:Apr 2005	Message Posted: Sep 5, 2010 11:50:40 PM Ignore ex911 Report Abuse do you suppose we'd be in Iraq and Afghanistan if it wasn't for oil?
JohnofGB Champion Author Flint Posts:3,075 Points:631,320 Joined:Feb 2010	Message Posted: Sep 5, 2010 11:40:09 PM Ignore JohnofGB Report Abuse Yes..........but not today.
UseLessGasFolks Champion Author Iowa Posts:3,098 Points:837,005 Joined:Jul 2007	Message Posted: Sep 5, 2010 11:37:53 PM Ignore UseLessGasFolks Report Abuse I hate to say it but I think we need to increase the gas tax to get people to stop wasting so much gas. People could burn much less gas and not impact their day much. How? Carpool, Use public transportation, ride a bike, walk, and dont just jump in the car whenever the whim hits you. Think first, only drive if you must.
w4kh Champion Author Riverside Posts:9,311 Points:1,762,175 Joined:May 2004	Message Posted: Sep 5, 2010 11:33:39 PM Ignore w4kh Report Abuse Be nice to have OPEC in a bind, with more of the US energy coming from alternative sources, and imports cut way back...
dabuzman Champion Author Seattle Posts:4,399 Points:1,427,200 Joined:Apr 2006	Message Posted: Sep 5, 2010 11:25:22 PM Ignore dabuzman Report Abuse I'd like to see the US cut their import of crude by 5 or more percent per year. An we can do it then tell OPEC BYE BYE!
nstrdnvstr Champion Author Twin Cities Posts:33,458 Points:3,523,280 Joined:May 2001	Message Posted: Sep 5, 2010 11:24:06 PM Ignore nstrdnvstr Report Abuse If congress would allow us to drill more here, this wouldn't affect us as much.
Bruno44 Champion Author Texas Posts:4,851 Points:1,323,975 Joined:Sep 2007	Message Posted: Sep 5, 2010 11:23:59 PM Ignore Bruno44 Report Abuse The article title is very scary!
uptherefiners Champion Author Chicago Posts:3,318 Points:683,120 Joined:Jun 2006	Message Posted: Sep 5, 2010 11:23:55 PM Ignore uptherefiners Report Abuse snapperhead
Focus2 Champion Author Illinois Posts:6,297 Points:1,630,480 Joined:Mar 2006	Message Posted: Sep 5, 2010 11:20:01 PM Ignore Focus2 Report Abuse Less demand for the nasty unhealthy stuff in the future. Maybe, it will be a crime to use it.
roadrunnerMO Champion Author Kansas Posts:5,991 Points:1,233,260 Joined:Jul 2008	Message Posted: Sep 5, 2010 11:17:42 PM Ignore roadrunnerMO Report Abuse Plenty of oil available worldwide.
mvosevich Champion Author St. Louis Posts:5,453 Points:1,108,165 Joined:Aug 2004	Message Posted: Sep 5, 2010 11:17:23 PM Ignore mvosevich Report Abuse What crystal ball did he use?
CumminsFanOH Champion Author Columbus Posts:1,670 Points:827,990 Joined:Jan 2009	Message Posted: Sep 5, 2010 11:17:02 PM Ignore CumminsFanOH Report Abuse Believe it.
250FORD Champion Author Minnesota Posts:8,265 Points:1,303,335 Joined:Feb 2007	Message Posted: Sep 5, 2010 11:09:55 PM Ignore 250FORD Report Abuse The ONLY way this comes true is if the oil companies short the market in an attempt to increase prices. There is just way more oil out there than is being reported openly.
DJRIO Champion Author Miami Posts:5,478 Points:960,340 Joined:Jan 2008	Message Posted: Sep 5, 2010 11:03:44 PM Ignore DJRIO Report Abuse as years progress we will know real fact. the rest is hear say.
Number43 Champion Author Lexington Posts:6,298 Points:1,190,855 Joined:Oct 2008	Message Posted: Sep 5, 2010 11:00:49 PM Ignore Number43 Report Abuse I find that statement to be absurd. Brazil has found off it's shores maybe the world's biggest oil reserves. The US has HUGE reserves both in Alaska, the pacific offshore, The balkan formation, ect. Russia has huge reserves, the extent of which is largely unknown. OPEC is only producing 40 % now, a figure I have doubts about. The last industry figure I saw placed OPEC's production at about 32%. This is just a scare statement, designed to make FOOLS accept higher oil prices. ( THE MANIPULATORS ARE AT IT AGAIN)
Price_Patrol Champion Author Cincinnati Posts:13,236 Points:1,619,885 Joined:Jun 2007	Message Posted: Sep 5, 2010 10:57:53 PM Ignore Price_Patrol Report Abuse Lets hope not
Z51Corvette Champion Author Austin Posts:6,156 Points:1,225,140 Joined:Jan 2008	Message Posted: Sep 5, 2010 10:55:57 PM Ignore Z51Corvette Report Abuse Only 40 percent... that's a lot less than I first thought. The balance doesn't worry me... What worries me is we have a government who will not allow the American Oil industry to do what it is meant to do. The IMF likely is behind this as well. Use less fuel... but the bottom line is that we have a government more affraid of 2 percent of the population versus the 98 percent that need some action to stabilize the economy.
Redink Champion Author Indianapolis Posts:5,038 Points:885,330 Joined:Aug 2005	Message Posted: Sep 5, 2010 10:54:31 PM Ignore Redink Report Abuse We can only hope this doesn't occur
lgwhitlock Champion Author Chico Posts:5,130 Points:1,223,470 Joined:Jun 2008	Message Posted: Sep 5, 2010 10:49:46 PM Ignore lgwhitlock Report Abuse Yet another reason to develop alternatives...
UseLessGasFolks Champion Author Iowa Posts:3,098 Points:837,005 Joined:Jul 2007	Message Posted: Sep 5, 2010 10:42:37 PM Ignore UseLessGasFolks Report Abuse This is very bad news. We must make serious changes now.
MiniFan Champion Author California Posts:2,223 Points:749,050 Joined:Nov 2008	Message Posted: Sep 5, 2010 10:41:56 PM Ignore MiniFan Report Abuse not good...we need to drive more hybrid/electric cars
Scotty99QC Veteran Author Montreal Posts:275 Points:74,950 Joined:Jul 2010	Message Posted: Sep 5, 2010 10:37:57 PM Ignore Scotty99QC Report Abuse Not good news.
runout9 Champion Author New Jersey Posts:3,144 Points:958,700 Joined:Dec 2008	Message Posted: Sep 5, 2010 10:35:14 PM Ignore runout9 Report Abuse A major reason we need to start tapping our huge reserves in Alaska.
tidalwave3 Veteran Author Tallahassee Posts:394 Points:1,040,420 Joined:Jun 2008	Message Posted: Sep 5, 2010 10:34:56 PM Ignore tidalwave3 Report Abuse Our National Government is suppose to look out for international protection. Well right now I'm feeling vulnerable. How about Prez Obama? Drill and allow Interior Dept to do what they are required by law to do.... monitor & correct improprities.
Bonito Champion Author Dayton Posts:13,046 Points:2,546,425 Joined:Jun 2004	Message Posted: Sep 5, 2010 10:33:36 PM Ignore Bonito Report Abuse GET OFF OIL NOW and WE HAVE NO PROBLEM! TELL OPEC TO SWIM IN THEIR OIL!!!!
OnTheWater Champion Author Orange County Posts:2,123 Points:622,380 Joined:Nov 2009	Message Posted: Sep 5, 2010 10:32:49 PM Ignore OnTheWater Report Abuse Great just what we need!
unicornpmb Champion Author Buffalo Posts:6,117 Points:1,162,475 Joined:Sep 2005	Message Posted: Sep 5, 2010 10:32:36 PM Ignore unicornpmb Report Abuse China will probably be the biggest user.
PetroScopper Champion Author Houston Posts:4,364 Points:1,090,685 Joined:Aug 2008	Message Posted: Sep 5, 2010 10:30:47 PM Ignore PetroScopper Report Abuse This doesn't really sound good for any of us. Just reconfirms our need for some formidable alternative energy sources.
rxman1 Champion Author Toledo Posts:7,001 Points:1,397,270 Joined:Nov 2007	Message Posted: Sep 5, 2010 10:29:45 PM Ignore rxman1 Report Abuse More reasons to drill...here...now.
lindact Champion Author New Haven Posts:6,487 Points:1,270,410 Joined:May 2008	Message Posted: Sep 5, 2010 10:28:22 PM Ignore lindact Report Abuse More reason to stop dragging our feet on alternatives.
SilliesRock Champion Author Detroit Posts:1,344 Points:821,110 Joined:Oct 2008	Message Posted: Sep 5, 2010 10:25:35 PM Ignore SilliesRock Report Abuse Our pals in Iran!
zeddieiv Champion Author Columbia Posts:5,651 Points:1,490,920 Joined:Oct 2006	Message Posted: Sep 5, 2010 10:23:18 PM Ignore zeddieiv Report Abuse Consider the source, Press TV is Iranian State TV in English.
THEDodgeman Champion Author Denver Posts:5,631 Points:1,480,655 Joined:Apr 2005	Message Posted: Sep 5, 2010 10:22:06 PM Ignore THEDodgeman Report Abuse he truth hurts
Bus561 Champion Author Lexington Posts:14,076 Points:2,753,105 Joined:May 2004	Message Posted: Sep 5, 2010 10:16:33 PM Ignore Bus561 Report Abuse I would certainly hope that in the not too far future that we have a decent alternative energy source and an infrastructure to support it.
TRAIN RIDER Champion Author San Bernardino Posts:6,768 Points:2,298,985 Joined:Oct 2004	Message Posted: Sep 5, 2010 10:16:05 PM Ignore TRAIN RIDER Report Abuse HOPEFULLY OBAMA WILL BE OUT OF OFFICE BY THIS TIME SO WE CAN DRILL AGAIN.
HiGramma Champion Author Michigan Posts:1,789 Points:367,830 Joined:Oct 2008	Message Posted: Sep 5, 2010 10:15:04 PM Ignore HiGramma Report Abuse If they didn't have oil, Muslim nations wouldn't have terrorists targeting the West.
TBONE3 Champion Author Pennsylvania Posts:6,388 Points:1,510,745 Joined:Mar 2005	Message Posted: Sep 5, 2010 10:14:47 PM Ignore TBONE3 Report Abuse Sure would not like to see that happen!
bby Champion Author Twin Cities Posts:3,594 Points:603,545 Joined:Nov 2009	Message Posted: Sep 5, 2010 10:14:16 PM Ignore bby Report Abuse its time we discover more oil and start our exploration on alternate sources.
runway12 Champion Author Tacoma Posts:2,906 Points:580,455 Joined:Aug 2008	Message Posted: Sep 5, 2010 10:13:13 PM Ignore runway12 Report Abuse As long as an engine needs gasoline, There will be OPEC.