Friday, February 25, 2011
Visual Atlas Of Distressed Oil Production
As recent developments out of Libya have demonstrated, when geopolitics and oil production mix, the resultant product is quite explosive. And as more protests are sure to spread to other countries in the region (with Saudi of course being the key domino whose potential fall would send crude well over $200), below we present a summary atlas of the key production capacities in both crude and gas, as well as proven reserves of all the countries in the MENA region. At this point, with Libya largely priced in, all attention should once again shift to developments in Bahrain, which contrary to the media black out, have not been put under control even remotely. The rumored fact that Al Jazeera may have allegedly received a "request" from Saudi Arabia to not cover recent events is a different story altogether.
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