The crude market isn't tight at all. OPEC and non-OPEC production is rising and if anyone wants, they can buy additional oil from the SPR.
"Sarah Emerson" is an artist based in Atlanta/Atlanta, Georgia who is best known for her landscape paintings of hyper-stylized versions of nature. Her work draws inspiration from "battlefields, war propaganda, literature, and idyllic gardens." Emerson is represented by [http://www.whitespace814.com Whitespace Gallery] in Atlanta, Georgia.
Emerson attended the Atlanta College of Art and received a Master's Degree from Goldsmiths College in London, England. Her work has been exhibited throughout North America and Europe. In 2010 her work was featured in the fifth edition of the Quebec City Biennial, "Catastrophe," co-curated by Sylvie Fortin and [http://fluxprojects.org/ Flux Projects Atlanta]. Her work was also included in Noplaceness, published by Atlanta Art Now in 2011, and in 2012 she was featured in the 100th edition of New American Paintings. Her work has been in recent shows at the Atlanta Contemporary Art Center, the Dalton Gallery at Agnes Scott College, and Mason Muer Fine Art. Other recent projects include murals for the 2012 Living Walls/Living Walls Conference and the Elevate/Art Above Underground Atlanta public art project. Emerson is a faculty member of Emory University/Emory University's [http://www.visualarts.emory.edu/home/people/faculty/emerson.html/ Visual Arts Department] and currently teaches drawing and painting.
More Sarah Emerson on Wikipedia.With oil prices this high I can't see OPEC cutting production. It's clear they won't change the quotas. Prices aren't going to fall a lot anytime soon.
Prices will come down on imports. There are lots coming our way.
We are up above $60 because of Iran. If something happened in Iran we would be in trouble because there isn't enough spare capacity to make up for the loss. If there was 3 or 6 million barrels of spare capacity there wouldn't be this kind of reaction.
After Katrina, there were a bunch of refineries which didn't sustain structural damage but couldn't turn the power back on.
After Christmas we had two crises. The problems in Nigeria had a short fuse and there was an immediate drop in shipments while the situation in Iran has a much longer fuse.
We have big maintenance going on so refiners can gear up for low-sulfur diesel, so we're going to chew up some of these high product levels.
It's a significant amount of oil. If he were successful it would be very significant. But I don't think it will come to pass.
Growth is down from last year. The U.S. and China led demand growth last year but that's changing. The situation in China and has changed; they are not using as much distillate fuel for power generation.
Copyright © 2024 Electric Goat Media. All Rights Reserved.