Jump to content




Welcome to Unexplained Mysteries! Please sign in or create an account to start posting and to access a host of extra features.


- - - - -

Saudi oil well dries up

saudi oil top production

  • Please log in to reply
8 replies to this topic

#1    questionmark

questionmark

    Cinicus Magnus

  • Member
  • 34,324 posts
  • Joined:26 Jun 2007
  • Gender:Male
  • Location:Greece and Des Moines, IA

  • In a flat world there is an explanation to everything.

Posted 05 September 2012 - 04:06 PM

The Telegraph said:


If Citigroup is right, Saudi Arabia will cease to be an oil exporter by 2030, far sooner than previously thought.

A 150-page report by Heidy Rehman on the Saudi petrochemical industry should be sober reading for those who think that shale oil and gas have solved our global energy crunch.
I don't wish to knock shale. It is a Godsend and should be encouraged with utmost vigour and dispatch in Britain. But it is for now plugging holes in global supply rather than covering the future shortfall as the industrial revolutions of Asia mature.

Read more


A skeptic is a well informed believer and a pessimist a well informed optimist
The most dangerous views of the world are from those who have never seen it. ~ Alexander v. Humboldt
If you want to bulls**t me please do it so that it takes me more than a minute to find out

about me

#2    GreenmansGod

GreenmansGod

    Bio-Electric sentient being.

  • Member
  • 9,269 posts
  • Joined:23 Jun 2004
  • Gender:Male
  • Location:The Hurricane State

  • May the laughter ye give today return to thee 3 fold.

Posted 05 September 2012 - 04:33 PM

I don't know why but this makes me smile. Time to figure out another way to fuel the world.

"The moment you declare a set of ideas to be immune from criticism, satire, derision, or contempt, freedom of thought becomes impossible." Salman Rushdie

#3    Grey14

Grey14

    Paranormal Investigator

  • Member
  • PipPipPipPipPipPip
  • 766 posts
  • Joined:09 Oct 2008
  • Gender:Male
  • Location:Heart of America

Posted 05 September 2012 - 04:57 PM

until the oil companies can figure out how to charge for sunlight and wind, oil isn't going anywere any time soon.

"The only thing Needed for the Truimph of evil is for good men to do nothing."

#4    Sir Wearer of Hats

Sir Wearer of Hats

    Is not a number!

  • Member
  • 9,442 posts
  • Joined:08 Nov 2008
  • Gender:Male
  • Location:Queensland, Australia.

Posted 07 September 2012 - 09:57 PM

Grey, all they need to do is patent some technology needed to collect solar energy to make a mint.


#5    questionmark

questionmark

    Cinicus Magnus

  • Member
  • 34,324 posts
  • Joined:26 Jun 2007
  • Gender:Male
  • Location:Greece and Des Moines, IA

  • In a flat world there is an explanation to everything.

Posted 08 September 2012 - 04:43 PM

View PostWearer of Hats, on 07 September 2012 - 09:57 PM, said:

Grey, all they need to do is patent some technology needed to collect solar energy to make a mint.

collecting solar energy is not really the problem, that is being done successfully in many parts of the world. The energy storage is tricky.

A skeptic is a well informed believer and a pessimist a well informed optimist
The most dangerous views of the world are from those who have never seen it. ~ Alexander v. Humboldt
If you want to bulls**t me please do it so that it takes me more than a minute to find out

about me

#6    and then

and then

    Abyssus Abyssum Invocat

  • Member
  • 12,877 posts
  • Joined:15 Dec 2011
  • Gender:Male
  • Location:Land's End

  • Because what came before never seems enough...

Posted 08 September 2012 - 06:09 PM

View Postquestionmark, on 08 September 2012 - 04:43 PM, said:

collecting solar energy is not really the problem, that is being done successfully in many parts of the world. The energy storage is tricky.
I wish that a few of the billions that were thrown at banks could have been used to create a "startup" of research for such storage.  THAT might have actually borne fruit.

  Imagination is the power in the turn of a phrase.

#7    Br Cornelius

Br Cornelius

    Omnipotent Entity

  • Member
  • 9,543 posts
  • Joined:13 Aug 2008
  • Gender:Male
  • Location:Eire

  • Stupid Monkeys.

    Life Sucks.
    Get over it.

Posted 08 September 2012 - 07:11 PM

View Postand then, on 08 September 2012 - 06:09 PM, said:

I wish that a few of the billions that were thrown at banks could have been used to create a "startup" of research for such storage.  THAT might have actually borne fruit.
It shows a bit of a misunderstanding of the real situation with regard to the monetary system. That money which was thrown at the banks was not real and was simply the banking system attempting to shore up a fundamentally flawed economy. The money was created out of thin air so was never really available to invest in real productive capacity such as solar energy.

The economy we live in is a confidence trick which was long ago decoupled from real productivity and value.

By the way this is the most serious piece of news ever to have been reported. the only real value in the world is the value of energy and when it runs out in the way it is in Saudi it means that many many things which we take for granted will cease to function - including our food supply chains. Much more serious than any economic crisis which we might be facing at the moment. it fundamentally spells the end of Civilization as we know it. I certainly hope that someone has been working on Plan B.

Br Cornelius

I believe nothing, but I have my suspicions.

Robert Anton Wilson

#8    Professor T

Professor T

    Λ Ο Δ

  • Member
  • 2,395 posts
  • Joined:11 Jul 2012
  • Gender:Not Selected

  • I'm not really a Professor so don't take my words as Gospel

Posted 08 September 2012 - 07:39 PM

Quote

If Citigroup is right, Saudi Arabia will cease to be an oil exporter by 2030, far sooner than previously thought.
I think 2030 is an oversight. IMO they'll be running out by the end of the decade.
Most/If not all of the oil reserves on the books are cooked figures to increase their company share-prices. $$


#9    and then

and then

    Abyssus Abyssum Invocat

  • Member
  • 12,877 posts
  • Joined:15 Dec 2011
  • Gender:Male
  • Location:Land's End

  • Because what came before never seems enough...

Posted 08 September 2012 - 07:47 PM

View PostBr Cornelius, on 08 September 2012 - 07:11 PM, said:

It shows a bit of a misunderstanding of the real situation with regard to the monetary system. That money which was thrown at the banks was not real and was simply the banking system attempting to shore up a fundamentally flawed economy. The money was created out of thin air so was never really available to invest in real productive capacity such as solar energy.

The economy we live in is a confidence trick which was long ago decoupled from real productivity and value.

By the way this is the most serious piece of news ever to have been reported. the only real value in the world is the value of energy and when it runs out in the way it is in Saudi it means that many many things which we take for granted will cease to function - including our food supply chains. Much more serious than any economic crisis which we might be facing at the moment. it fundamentally spells the end of Civilization as we know it. I certainly hope that someone has been working on Plan B.

Br Cornelius
I recently saw a documentary where one of the pundits made the same remarks.  There were a half dozen worthies there making different points and included their own versions of what might bring on the end of civilization as we currently know it.  The issues ranged from economics to water to nuclear conflict.  Apparently LOTS of diverse issues are all coming to a head these days.

  Imagination is the power in the turn of a phrase.




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users