IEA: "Clear and Urgent" need for more OPEC crude oil production

The International Energy Agency yesterday stated that "there is a clear, urgent need for additional [crude oil] supplies to prevent a further tightening of the market."

This is a shocking admission from an agency that just cut global oil demand estimates last week, causing a brief 'flash crash' in oil futures.

Global demand for oil increases seasonally from May to August, and production of high quality Libyan oil remains offline.

The crude oil supply/demand is discussed today - and why we are headed for much higher crude oil prices - in a 15 minute interview with Jim Puplava:

http://www.lsgifund.com/index_files/Page960.htm

 

This can only be good news for crude oil, natural gas, and coal, companies and mineral owners.

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Bureaucrats!

 

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

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Posted by Char on May 29, 2025 at 14:42

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