RE: Oil Producers revenues to Increase?.thank you for the link, note the Goldman Sachs quote below of Brent forecast for 2012 oil is $130 so I changed your subject heading to "Oil Producers revenues to Increase not decrease", Brent $130 in 2012. It is amazing how negative the economic headlines are, Eurozone debt, recession risks etc, and Brent is still $112 with huge negativity, so I find this is significantly positive going fwd also our IAE RBC analyst report number crunching indicates that IAE sp price has priced in a very very negative oil price discounting $70 Brent, we are at $112, Goldman $130 next year, so I remain very positive the IAE with execution of Athena first, our sp will trend higher.
Also recall the news release I posted on Lochard energy (Zeus), IAE Athena p10% partner, that they were approached for a buyout, very possible IAE.
Also, note that IAE CEO in the last article indicated that the BP Athena will be completed in October, 15 days sailing, so late Oct, early Nov, for hookup at Athena.
$70
"Goldman also reiterated its forecast for Brent oil prices to average $130 per barrel next year. "