Oil Up!

How important is oil to the world?  Well, do you like to travel?  Do you like to smell good?  Do you like to eat?  Yes, all those activities, and just about everything else has some type of connection with oil.  So is it any wonder why we are so enthralled with the subject of it?  Is it any wonder that we are so dependent on it?  Don't kid yourself into thinking that you would be fine without it.  You would be a hungry, immobile, stinky person!
Much of the world's oil comes from the Middle East.  Bahrain is not specifically rich in the resource, but they still have it.  And what's more is that they produced more of it this year than last year.  33% more!!!  That's a reason for excitement for everyone.  The consumer can hope for lower prices because the supply is up.  The supplier can hope for more trade opportunity because he has more to trade or sell.
Energy Minister Dr. Abdulhassain Mirza said, "We find this achievement (of producing 33% more oil) remarkable given that before Tatweer Petroleum was set up, there were people writing off Bahrain's oil production as a disappearing asset."
Well, obviously it's not only NOT disappearing.  It is being found and produced in higher quantities.
This new production looks to be a great building block for Bahrain and an opportunity to reestablish itself as a premier venue for energy.

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