OIL REPORT

THE ELEMENTS ARE CLEAR TO ALL THE PARTNERS.

BASED ON THE NATURAL RESERVS, ON ECONOMY NEEDS, ON MARKET BUSINESS NUMBERS, THE OIL PRODUCTION IS HIGHER.

1.OIL BYINGS APPEAR INTO THE BUSINESS MARKET.

2. THE ISSUE THAT KEEPS BEEING IGNORED, IS THAT OPEP COUNTRIES ECONOMY DEPEND ON THEIR COMMON POLICIES.

3. IRAQ ECONOMY IS ALSO BEEING AFFECTED BY THE HIGH COUSTS OF PROSPECTION AND TRANSPORTATION. THE POLITICAL IRAQ, AT WAR AT THIS TIME, KNOWS THAT TIME IS REQUIRED FOR DEMOCRACY STABILESHMENT, BUT IS THE ECONOMY WHICH KEEPS THE COUNTRY SAFE, INSIDE OR OUTSIDE.

IT IS A FACT, THAT IRAQ PARTICULAR POLITICAL SITUATION, IS BEEING VERY EXPENSIVE. BUT IRAQ SELLS OIL TO THE WORLD. AND IRAQ IS AN OPEP MEMBER.

THE BUYERS ARE AS DIFFERENT AS THE MANY PRIVATE ENTREPRISES ALL OVER THE WORLD.

SO, TO OPEP ORGANIZATION IS IMPORTANT THAT THE OIL PRICES CONCERTATION, BE MADE BY PARTICULAR ECONOMY INTERRESTS OF THEIR OWN COUNTRIES.

IN MY OPINION, ECONOMY DETERMINATES SECURITY.

ON THE OTHER HAND, NATURAL OIL RESERVS SAFE NUMBER PREDICTION, DEPENDS ON A COMMON OIL PRICE POLICIE.

3. SO FOR OPEP, THIS CONCERTATION COULD BE USED AS BLOCK TO OTHER ENERGY SOURCES, AS WE COMPARE THE ECONOMY NEEDS OF EACH ELEMENT. TAKING OIL ON SUMMER, TO RISE PRICES ON WINTER, SO NATURAL GAZ GOES DOWN, AND THEN IT BEGINS THE GAME....;)))...put it more clearly:....you down the production on the summer more than what is excepet, so you slowlly get to a confartble price on the begining of the winter (that it is allready planned to be a good profit), and because the natural gaz is basiccaly used on the winter, the gaz prices stays ordinary....

GREETINGS,

MISS DAVID