Production of a half Million Barrels a day by the tomb of president penas end of term and then maybe a Million Dollars a day by 2025. So thats a conservative number in terms of the Resource Base and in terms of what might be possible. Just looking across the divide where technically recoverable resources on the mexican side exceed those on the u. S. Side and the eagleford would not take much if this were the United States to get on shore conventional nonconventional production up to a half Million Barrels a day let alone whatever might be happening on the conventional side. Canadian production is likely to continue. These quasiofficial numbers based on the cap. So current production in canada is roughly three and a half Million Barrels a day. And we can kind of readily project five Million Barrels a day adjusted for where the price of oil may be but theres going to be an uplift as canadian oil reaches water borne markets in terms of the net back price to the well head, even if global p
And the down side of that is that most probably there will be a contamination of the discussion because the discussions of these are transnationals and they will clearly raise the issues. Its already starting an interesting debate about those issues. But those are the ones that im not talking about the air, thats a different emissions of co 2 or Something Like that, thats different. Im talking about more the water issues. Weve got three more questions, i think thats going to have to wrap it up because i know two of our speakers have tight travel schedules. One and two more over here. Thank you very much for your presentations. Im from georgetown university. There have been many comments about the excess of optimism in the goals and benefits from the Energy Reform recently. The oxford incident which i believe mr. Haas is somewhat familiar because it was a paper recently released that was highlighting the lack of services for the water exploration, that the new fields would hardly offset
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Vital and seeking vibrancy
April 5, 2017
The numbers for overall premiums growth, penetration and density in the Lebanese insurance market in 2017 may not bring huge surprises. In 2016 the sector delivered 3 percent nominal growth in gross premiums, from $1.52 billion in 2015 to $1.56 billion, according to the latest quarterly report of the Association of Insurance Companies of Lebanon (ACAL). The compounded annual growth rate (CAGR) of written gross premiums for the period 2009 – 2015 was 7.6 percent, according to the latest figures published by the Insurance Control Commission in its annual report for 2015.
The 7.6 percent CAGR of written gross premiums was eclipsed by the CAGR of claims at 15.6 percent, but in line with the 7.1 percent CAGR of the sector’s net income after tax. It also is notable that year-on-year growth for gross written premiums in 2015 was better than in 2014, at 7.8 percent versus 4.3 percent, but that the last three years have witnessed significantly l