tag:blogger.com,1999:blog-5235419263414453422.post8798609412744884916..comments2024-02-23T01:30:06.101-08:00Comments on Early Warning: Small Saudi Arabia CaveatStuart Stanifordhttp://www.blogger.com/profile/07182839827506265860noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5235419263414453422.post-53353423131291174202011-05-02T10:01:33.014-07:002011-05-02T10:01:33.014-07:00Stuart, in this blog post dated April 20th, I spec...Stuart, in <a href="http://baobab2050.org/2011/04/20/ft-admits-saudi-arabia-did-not-replace-lost-libyan-output-reuters-replaces-pessimistic-saudi-oil-story-with-an-optimistic-story/" rel="nofollow">this blog post</a> dated April 20th, I speculated that the Saudis didn't really cut their production as deeply as the oil minister claimed. I based that hunch on the "can't keep their story straight" image the Saudis have been projecting, together with a couple of stunning charts by Jon Callahan which show a serious drop in Saudi oil stocks.<br /><br />As part of the investigation, the blog post above also details an apparent heavy-handed editorial intervention at Reuters related to the coverage of the Saudis' March oil output figures.Georgehttps://www.blogger.com/profile/11313115606279638531noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-4516358614696451172011-05-01T15:53:08.521-07:002011-05-01T15:53:08.521-07:00I remember when the ostensibly independent FED sto...I remember when the ostensibly independent FED stopped releasing info on the M3:<br />http://prudentinvestor.blogspot.com/2005/11/unpleasant-trend-fed-counters-by.html<br /><br />I wonder if things will ever get so bad that government agencies will need to stop releasing data on employment levels?Jameshttps://www.blogger.com/profile/16069860882299265079noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-34738792954800764272011-04-30T21:27:56.001-07:002011-04-30T21:27:56.001-07:00The IEA report does note that production may have ...The IEA report does note that production may have dropped after Mid-March.<br />"Initial reports in early March suggested that<br />Saudi Aramco would ramp up and hold output at just over 9 mb/d for the month, but the earthquake<br />and tsunami that have devastated northeastern Japan reduced overall demand for the country’s crude. A<br />number of cargoes en route to Japan were diverted elsewhere in the region. As a result, Saudi Aramco is<br />thought to have throttled back production in mid‐March."Ahttps://www.blogger.com/profile/08473545026240354773noreply@blogger.com