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49 Executed In Saudi, Including Leading Shi'a Cleric. Should Heads Roll Among Their Elite For...
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Saudi is founded on the alliance between the Sauds and the Wahhabi/Salafist clergy, so such exhibitions probably aid the now estimated 15,000 members of the 'Royal' family and are insisted on by the fundamentalist clergy.
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Sandy...actually, all that oil is not what it was.
There was a very well researched article in the newspapers a few weeks ago, that said that the Saudis were beginning to have financial problems. The world-wide oil price is very depressed and its the only game in town for the Saudis. They don't make or produce anything else and they refuse to embrace the tourism route that so many of their neighbors have done. They have this huge largess that they dole out to thousands of their countrymen, and its starting to come apart at the seams.
There was a very well researched article in the newspapers a few weeks ago, that said that the Saudis were beginning to have financial problems. The world-wide oil price is very depressed and its the only game in town for the Saudis. They don't make or produce anything else and they refuse to embrace the tourism route that so many of their neighbors have done. They have this huge largess that they dole out to thousands of their countrymen, and its starting to come apart at the seams.
Saudis have shot 'emselves in the foot
price is the lowest for yonks and they think that by still pumping in excess and thereby keeping the price low they will undermine the USA's fracking industry which they think is going to undermine them and theyre finite supply of oil...once the oil drys up the arab world is history and they know it...unless we start using sand and camel schitt as a fuel source
price is the lowest for yonks and they think that by still pumping in excess and thereby keeping the price low they will undermine the USA's fracking industry which they think is going to undermine them and theyre finite supply of oil...once the oil drys up the arab world is history and they know it...unless we start using sand and camel schitt as a fuel source
Brazil has huge reserves, baz. So do all the existing wells as they only take out 30 to 33 percent as recoverables....there's new technology (microwave usage downwell) coming through that will extract a further 4 to 6 percent, so that means somewhere between 10 to +/-17% incremental recoverables in existing fields.
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I'll add three points if I may
(i) the reserves as of 2012 before the announcement of the major Brazilian finds that would catapult them up the list, also pre-microwave technology
(ii) I have been hearing this 'we are running out' argument from the day I joined.....back in 1980, it was the late 1990s, by 1990 it was now and look where we stand today......
(iii) Hopefully, the reserve and technology situation bridges us over to the hydrogen economy or solar one, breakthrough 'wild-cards' needed to make it all plausible, in H2's sake, the storage issue and, for solar, it's efficiency and distribution costs.....tidal is an offering. I have long argued on public platforms that, until then, we will see a myriad of solutions across the globe partly dictated by local economics, hence biofuels, solar, tide, nuclear, algae, wind all co-existing..... and electricity cars? - well they should be scrapped as everybody 'forgets' the environmental economics of making and distributing the tricity.
(i) the reserves as of 2012 before the announcement of the major Brazilian finds that would catapult them up the list, also pre-microwave technology
(ii) I have been hearing this 'we are running out' argument from the day I joined.....back in 1980, it was the late 1990s, by 1990 it was now and look where we stand today......
(iii) Hopefully, the reserve and technology situation bridges us over to the hydrogen economy or solar one, breakthrough 'wild-cards' needed to make it all plausible, in H2's sake, the storage issue and, for solar, it's efficiency and distribution costs.....tidal is an offering. I have long argued on public platforms that, until then, we will see a myriad of solutions across the globe partly dictated by local economics, hence biofuels, solar, tide, nuclear, algae, wind all co-existing..... and electricity cars? - well they should be scrapped as everybody 'forgets' the environmental economics of making and distributing the tricity.
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