“La sabiduría de la vida consiste en la eliminación de lo no esencial. En reducir los problemas de la filosofía a unos pocos solamente: el goce del hogar, de la vida, de la naturaleza, de la cultura”.
Lin Yutang
Cervantes
Hoy es el día más hermoso de nuestra vida, querido Sancho; los obstáculos más grandes, nuestras propias indecisiones; nuestro enemigo más fuerte, el miedo al poderoso y a nosotros mismos; la cosa más fácil, equivocarnos; la más destructiva, la mentira y el egoísmo; la peor derrota, el desaliento; los defectos más peligrosos, la soberbia y el rencor; las sensaciones más gratas, la buena conciencia, el esfuerzo para ser mejores sin ser perfectos, y sobretodo, la disposición para hacer el bien y combatir la injusticia dondequiera que esté.
MIGUEL DE CERVANTES Don Quijote de la Mancha.
La Colmena no se hace responsable ni se solidariza con las opiniones o conceptos emitidos por los autores de los artículos.
26 de mayo de 2015
Iraq About to Flood Oil Market in New Front of OPEC Price War
(Bloomberg) -- Iraq is taking OPEC's strategy to defend its share of the global oil market to a new level.
The
nation plans to boost crude exports by about 26 percent to a record
3.75 million barrels a day next month, according to shipping programs,
signaling an escalation of OPEC strategy to undercut U.S. shale drillers
in the current market rout. The additional Iraqi oil is equal to about
800,000 barrels a day, or more than comes from OPEC member Qatar. The
rest of the Organization of Petroleum Exporting Countries is expected to
rubber stamp its policy to maintain output levels at a meeting on June
5.
While shipping schedules aren't a promise of future production,
they are indicative of what may come. The following chart graphs
planned tanker loadings (in red) against exports.
As
in previous months, Iraq might not hit its June target - export
capacity is currently capped at 3.1 million barrels a day, Deputy Oil
Minister Fayyad al-Nimaa said on May 18. Still, any extra Iraqi supplies
inevitably mean OPEC strays even further above
its collective output target of 30 million barrels a day, Morgan
Stanley says. The following chart shows OPEC increasing output in recent
months against its current target.
Defying
the threat from Islamic State militants, Iraq has been ramping up
exports from both the Shiite south - where companies like BP Plc and
Royal Dutch Shell Plc operate - and the Kurdish region in the north,
which last year reached a temporary compromise with the federal
government on its right to sell crude independently.
