I know you check the boards... we all probably check all of them for research etc.
I have to say I think you have taken an unnecessary pounding of late on the othe site. I like your commentary on the whole as it provides some sage advice a lot of the time. Please be mindful of other holders when you post comments that could be interpreted as gloating. Its not a nice trait but I understand how/you have posted as you have. Its not a d*ck measuring comp round here. I am sure, with the exception of a few trolls (not sure loadsa is a troll though that is debateable :-) ) that we all want to see everyonw prosper...
Thanks for the tip on CTAG. Will be on the research bus whe back at a PC.
Monday, August 29, 2016 According to a recent report from the EIA, OPEC members saw a significant decline in oil export revenues over 2015. The EIA estimates that OPEC members earned about $404 billion in net oil export revenues, a drop of $349 billion, or 46% less than earnings in 2014. This is the lowest earnings for OPEC since 2004. The decline in oil export revenues is mainly a result of a precipitous fall in average annual crude oil prices during over the year, and to a lesser extent because of decreases in the level of OPEC net oil exports. These net export earnings include Iran, unlike in previous reports. EIA predictions for 2016 are not very rosy for the cartel either; the EIA said it projects that OPEC net oil export revenues could fall further to about $341 billion dollars for 2016, based on projections of global oil prices and OPEC production levels in EIA’s June 2016 Short-Term Energy Outlook (STEO). For 2017, OPEC revenues are projected to be $427 billion, with an increase in forecast crude oil prices, coupled with higher OPEC production and exports, contributing to the rise in overall earnings.
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