Mexico to reduce oil exports to US
Cantarell's rapid post-peak decline is driving this (a little over 30% of the fields oil is proving recoverable).
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May 04, 2008
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I heard a report this morning* on either NPR or Marketplace that Indonesia is considering withdrawing from OPEC and stopping the export of oil. According to the report, Indonesia is now using all the oil it produces and can no longer export, so it's pulling out of the organization.
*Can't currently find the report online at either site.
Posted by: DanO | May 06, 2008 at 12:55 PM