drumbeat from the weekend and today...

[Javaman]

Drumbeat: April 9, 2011
http://www.theoildrum.com/node/7783

Drumbeat: April 11, 2011
http://www.theoildrum.com/node/7792

[canoeist52]

1. from the site...

(Reuters) - Top oil exporter Saudi Arabia would have "no problems" producing at its claimed 12.5 million barrels per day (bpd) capacity if the market needed the oil, a senior Gulf source told Reuters on Sunday.

The official dismissed doubts raised by some analysts over the kingdom's stated spare capacity as the work of speculators trying to manipulate oil prices as fighting in Libya has disrupted production in the North African OPEC nation.

"First traders used the peak oil theory to drive the market up and since that didn't work now they are saying that Saudi can't use its full capacity, which is completely not true," the senior Gulf source said.