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kochevnik Intermediate Crude

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Joined: Aug 20, 2004 Posts: 881
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Posted: Sun Nov 20, 2005 1:51 pm Post subject: JODI: Joint Oil Data Initiative |
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Last edited by kochevnik on Wed Jul 19, 2006 3:14 pm; edited 1 time in total |
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kochevnik Intermediate Crude

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Joined: Aug 20, 2004 Posts: 881
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Posted: Sun Nov 20, 2005 2:11 pm Post subject: Re: JODI: Joint Oil Data Initiative |
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Last edited by kochevnik on Wed Jul 19, 2006 3:14 pm; edited 1 time in total |
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Raxozanne Light Sweet Crude

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Joined: Feb 24, 2005 Posts: 1005 Location: UK
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Posted: Sun Nov 20, 2005 2:37 pm Post subject: Re: JODI: Joint Oil Data Initiative |
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| kochevnik wrote: |
Considering all the foolishness on this site lately, I thought there would be a lot more comment about one of the most significant news events in the last few months. I'm speaking of course about the Joint Oil Data Initiative (JODI) announced yesterday.
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What does this JODI entail? Is it just Saudi Arabia and OPEC putting some figures on paper and then passing it around? Will an international team be able to go in and do an audit or something? If its the former then I wouldn't hold out for much. |
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MacG Light Sweet Crude


Joined: Jun 04, 2005 Posts: 1178
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Posted: Sun Nov 20, 2005 2:51 pm Post subject: Re: JODI: Joint Oil Data Initiative |
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| Me think this is... IT! We are propably there. Very, very close to peak. Either minutes before or minutes after. Time will tell. |
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OilsNotWell Light Sweet Crude


Joined: Aug 11, 2004 Posts: 1257
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Posted: Sun Nov 20, 2005 4:56 pm Post subject: Re: JODI: Joint Oil Data Initiative |
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Well, I haven't seen the link to the site which went live yesterday posted yet so here it is:
http://www.jodidata.org/FileZ/ODTmain.htm
I am perusing the production figures right now...perhaps others can do the same. |
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donshan Heavy Crude

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Joined: Oct 12, 2005 Posts: 281 Location: Washington State, USA
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Posted: Tue Nov 22, 2005 11:03 am Post subject: Re: JODI: Joint Oil Data Initiative |
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| OilsNotWell wrote: | Well, I haven't seen the link to the site which went live yesterday posted yet so here it is:
http://www.jodidata.org/FileZ/ODTmain.htm
I am perusing the production figures right now...perhaps others can do the same. |
Please do!! Some interpretation would be appreciated.
I saw that link on The Oil Drum and was looking at it Sunday night. However I don't have the historical background to put the raw data into any sort of context. _________________ An expert is someone who has made every mistake possible in their field and learned how to prevent them. |
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rockdoc123 Light Sweet Crude


Joined: May 16, 2005 Posts: 1685
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Posted: Tue Nov 22, 2005 12:51 pm Post subject: Re: JODI: Joint Oil Data Initiative |
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I'm not sure that the process (or flow as they call it) is any different than what the IEA or EIA or numerous commercial groups put together. It is nice that the numbers are all in one place country by country but I wonder if there is not still some room for "missing barrels"...such as those at sea? Certainly if the methodology is identical the difference in the various estimates we see are to do with interpretation of how you add and/or subtract the various "flows" ?
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