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139 comments on Will OPEC increase supply in the 2nd half of 2007? Or has Ghawar peaked?

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elwoodelmore on June 21, 2007 - 7:36pm Permalink | Subthread | Parent | Comments top

uh..... by who's definition does "spare" capacity equal production that can be brought on line within 30 days and that can be sustained for 90 days ?

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memmel on June 21, 2007 - 8:51pm Permalink | Subthread | Parent | Comments top

I'll dig for the link but it was EIA that defined this.

http://www.eia.doe.gov/emeu/steo/pub/3atab.html

In the footnotes its defined in several places.

So KSA may not be lying about spare capacity its just not what a lot of people think it is.

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