Industrialized Cyclist Notepad


Saudi Arabia gets high on its own supply

Leaving less for our late-night Taco Bell runs.

DUBAI, Nov 19 (Reuters) – Saudi Arabia burned record volumes

of crude oil over the summer, official government figures show,

contrary to its aim of using more gas for power generatation to

reduce wastage of crude that it could export.

During the peak period from early June through September,

Saudi Arabia burned an average of 763,250 barrels per day (bpd)

of crude, compared to an average of 701,250 bpd last year and

747,750 bpd in the previous record summer of 2010, official

government data issued on Sunday under the Joint Oil Data

Initiative (JODI) shows.

via Saudi summer oil burning hits record high in 2012 -JODI – Yahoo! News.



Chinese Oil Production

From a comment by “Darwinian” on the Oil Drum.



The Effect of Iran Sanctions

Closer relations between Iran, India and China; creation of new financial networks to bypass the West. The inability to control Iran through non-military means may make military action more likely.

NEW DELHI, MARCH 28: 

India and China on Wednesday indicated that they will continue to maintain normal relations with Iran, while citing high crude oil prices and energy security concerns.

The Chinese Commerce Minister, Mr Chen Deming, said China respects all the United Nations resolutions.

However, in a veiled reference to the US sanctions on Iran, he added that Beijing is not obliged to follow the domestic rules and regulations of any particular country.

via Business Line : Industry & Economy News : India, China to maintain ties with Iran despite US, EU sanctions.



… and India

Via the Energy Export Databrowser:

Also — China’s import picture.




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