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re: Possible big oil discovery in Israel
Posted on 10/8/15 at 3:28 pm to LucasP
Posted on 10/8/15 at 3:28 pm to LucasP
ENI in Egypt just had a HUGE discovery as well.
Its not so much finding the oil and finding someone to sell it to.
For example Kazakhstan has enormous reserves (Kashagan) but has had trouble producing it and geographically is in a bad place to try and run a pipe line to Europe.
Its not so much finding the oil and finding someone to sell it to.
For example Kazakhstan has enormous reserves (Kashagan) but has had trouble producing it and geographically is in a bad place to try and run a pipe line to Europe.
1
Posted on 10/8/15 at 3:39 pm to lsuoilengr
With all the new sources of oil being discovered, won't this increase in supply continue to send prices down?
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