Oil prices are also drawing support from declining output in Venezuela, OPEC's biggest producer in Latin America, and Angola, Africa's second - largest exporter. (cnbc.com)
First, is there fiscal room in the budget in 2011 - 12 and 2012 - 13 that would allow a second round of temporary stimulus should Canada experience declining output? (3dpolicy.ca)
While IEA has projected that oil prices will be considerably lower than this level during most of the next 20 years, uncertainty over whether new production capacity will compensate for declining output at existing fields may mean an increase in oil prices prior to 2015 (IEA, 2007a). (greenfacts.org)