Libya's oil men are getting production back on stream a lot faster than many expected.
The faster Iraqi oil production comes back on stream, the sooner will be its impact on the world economy.
Nobody should own MMR for its current production or its current earnings stream.
Valentine Pontiff, a similar well, which was recently brought on stream and into production is presumed to have a smaller reservoir yet is flowing nicely.
It is hard to predict the extent to which new mines and production facilities will come on stream because of higher prices and so increase the supply of metals, or how long it will take for that to happen.
That makes sense since they are the two largest purchases consumers make, usually with most of the purchase price financed, significantly multiplying the economic effect of the cash down payment, while increased home construction and auto production results in significant new business for the long stream of suppliers to those industries.
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Although there is a lot of oil and gas left, and more being found, the decline in production far outweighs the uplift from new fields coming on stream.
The production of our surfaces has diverted millions of tons of glass from the waste stream, and has created green collar jobs in the manufacturing sector that pay a living wage.
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Maruti Suzuki is currently adding to its production at Manesar, where a third assembly line for 250, 000 vehicles a year will go on stream before 2014.
That gap cannot be closed quickly, since the oil-production business has long lead times and any new oil will take a couple of years at least to come on stream.
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