You are here

Producers Paradigm Shift

Paradigm Shift:
Sadad Al-Husseini, former Saudi Aramco Exploration Minster warned of this shift: "There has been a paradigm shift in the energy world whereby oil producers are no longer inclined to rapidly exhaust their resource for the sake of accelerating the misuse of a precious and finite commodity. This sentiment prevails inside and outside of OPEC countries but has yet to be appreciated among the major energy consuming countries of the world."

This paradigm shift exhibited in Sept 2007 when the normally yearly cyclical pricing of gas and oil ruptured from normal and inventories plunged in an effort to compensate. The drop in stock will make the system more susceptible to price shocks. Gas prices lag oil but will likely catch-up at spring planting.



Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer