Archive for November, 2009
Natural Gas: The Top Countries with Large Proven Reserves
The top countries in the world with large recoverable proven natural gas reserves are shown below:
Source: World Energy Council
Iran has the largest reserves of natural gas followed by the US and Kuwait.
In Gas Supplies Growing Even as Prices Fall, the Journal states:
“Energy companies started predicting a sharp cutback in the amount of natural gas pumped in the U.S. more than a year ago.
But even though gas prices now hover 30% below a year earlier, the promised reduction never came. And this week, two major natural-gas companies reported big increases in production, while a third, Devon Energy Corp., announced that its new East Texas well was yielding 31 million cubic feet of gas a day, one of the most prolific U.S. wells this year.
As a result, storage facilities are brimming with record gas supplies, and prices are likely to remain soft. The closing price Tuesday was $4.922 per million British thermal units, down 32% from $6.838 a year ago. In July 2008, the price was over $13. ”
US Natural Gas Production and Rigs Count
Source: WSJ
Gas Prices and Taxes in G7 Countries
The prices of a litre of gas(petrol) varies considerably between the G-7 countries due to government taxes. The chart below shows the price of a litre of gas in the G-7 countries and how they are split into the cost of crude oil, government taxes and industry margin:
Source: OPEC
The price variations shown above are due to the taxes in these seven countries.Yellow represents the industry margin and red red represents the government taxes. The U.S. has the lowest government taxes for a litre of gas and the U.K. has the highest taxes.
Brazil Charts: Export Destinations,Trade Balance and FDI
Each month the Central Bank of Brazil, Banco Centreal Do Brasil posts an “Economic Chart Pack” that offers a glimpse into the economic performance of Brazil. The latest chart was updated Oct 15th.
The charts below are some of the important ones from this pack.
1.Brazil’s Trade Balance
2.Brazil’s Exports Destination in 2008
3.Brazil’s Net Foreign Direct Investment (FDI)
For more details, go here.
