Best News Ever

1« Previous thread | Next thread »
- Iraqi Atheist
- Ex-Muslim
- offline
Best News Ever
OP - February 09, 2011, 09:08 PM

WikiLeaks: Saudis running out of oil

The latest startling revelation to come via documents leaked to Julian Assange's muckraking website and published by The Guardian should give pause to every suburban SUV-driver: U.S. officials think Saudi Arabia is overpromising on its capacity to supply oil to a fuel-thirsty world. That sets up a scenario, the documents show, whereby the Saudis could dramatically underdeliver on output by as soon as next year, sending fuel prices soaring.

The cables detail a meeting between a U.S. diplomat and Sadad al-Husseini, a geologist and former head of exploration for Saudi oil monopoly Aramco, in November 2007. Husseini told the American official that the Saudis are unlikely to keep to their target oil output of 12.5 million barrels per day output in order to keep prices stable. Husseini also indicated that Saudi producers are likely to hit "peak oil" -- the point at which global output hit its high mark -- as early as 2012. That means, in essence, that it will be all downhill from there for the enormous Saudi oil industry.

"According to al-Husseini, the crux of the issue is twofold. First, it is possible that Saudi reserves are not as bountiful as sometimes described, and the timeline for their production not as unrestrained as Aramco and energy optimists would like to portray," one of the cables reads. "While al-Husseini fundamentally contradicts the Aramco company line, he is no doomsday theorist. His pedigree, experience and outlook demand that his predictions be thoughtfully considered."

http://news.yahoo.com/s/yblog_thelookout/20110209/ts_yblog_thelookout/wikileaks-saudis-running-out-of-oil

http://www.guardian.co.uk/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks
- deusvult
- O......O
- Pub Regular
- offline
Re: Best News Ever
Reply #1 - February 09, 2011, 09:09 PM

PEAK OIL!

So once again I'm left with the classic Irish man's dilemma, do I eat the potato or do I let it ferment so I can drink it later?
My political philosophy below
http://www.youtube.com/watch?v=bwGat4i8pJI&feature=g-vrec
Just kidding, here are some true heros
http://www.youtube.com/watch?v=dBTgvK6LQqA
- z10
- Pub Regular
- Imago Dei
- offline
Re: Best News Ever
Reply #2 - February 09, 2011, 09:12 PM

HOLY SHIT!!!

At evening, casual flocks of pigeons make
Ambiguous undulations as they sink,
Downward to darkness, on extended wings. - Stevens
- osmanthus
- Cave dwelling
- Pub Regular
- Fingerer of piglets
- offline
Re: Best News Ever
Reply #3 - February 09, 2011, 09:51 PM

That could be interesting if it is true.

Devious, treacherous, murderous, neanderthal, sub-human of the West.
- debunker
- Pub Regular
- offline
Re: Best News Ever
Reply #4 - February 09, 2011, 09:55 PM

it's been running out of oil, since it started producing it.

A googolplex is *precisely* as far from infinity as is the number 1.--Carl Sagan
- mighty_cats
- Pub Regular
- offline
Re: Best News Ever
Reply #5 - February 09, 2011, 10:45 PM

Lol, once a baboon, always a baboon....
they almost became humans this time

I say that every country of Earth goes and buys their oil, right now.
- billy
- Pub Regular
- Tripitaka ~ Closet Juice
- offline
Re: Best News Ever
Reply #6 - February 09, 2011, 11:18 PM

The sooner it can run out so we can invent hovercraft cars that float on lightbeams the better.

"we can smell traitors and country haters"

Quote from: arX on May 01, 2011, 03:33 AM
God is Love.
Love is Blind. Stevie Wonder is blind. Therefore, Stevie Wonder is God.
- Saif Rahman
- Ex-Muslim
- Je suis Haram
- offline
Re: Best News Ever
Reply #7 - February 09, 2011, 11:22 PM

When they run out I hear they are planning on harnessing the energy from Djinn, a renewable source made of smoklesss flames.

My Book
My Blog
- Air
- Ex-Muslim
- offline
Re: Best News Ever
Reply #8 - February 09, 2011, 11:24 PM

I'd love to see the Middle East run out of oil, but it probably won't happen during my lifetime.

You need to read this book.
- Zebedee
- Pub Regular
- offline
Re: Best News Ever
Reply #9 - February 09, 2011, 11:27 PM

Bollocks! This stinks to high-heaven of artificial scarcity.

...now, where's my tinfoil hat.
- Aphrodite
- Pub Regular
- offline
Re: Best News Ever
Reply #10 - February 09, 2011, 11:35 PM

Do you guys think that a saudi with no oil = no western support? How much oil does Egypt or Jordan have? Saudi has the 'advantage' of being home to Mecca so they have a lot of influence over the muslim world and that will matter to Obama and co.

Quote from: IsLame on February 09, 2011, 11:22 PM
When they run out I hear they are planning on harnessing the energy from Djinn, a renewable source made of smoklesss flames.

Actually they seem to be using their brains:

http://www.greenoptimistic.com/2010/08/22/king-abdullah-solar-power-plant/
- ateapotist
- Supermassive Black Hole
- Ex-Muslim
- Spaghettifier Extraordinaire
- offline
Re: Best News Ever
Reply #11 - February 10, 2011, 12:31 AM

Quote from: IsLame on February 09, 2011, 11:22 PM
When they run out I hear they are planning on harnessing the energy from Djinn, a renewable source made of smoklesss flames.

Funny one.

On a more serious note, given what the Saudis are like, before they run out of oil, (particularly since the world is getting all excited about renewable energy), they will probably (get western companies to) develop world-leading solar power-plants. Obviously this will satisfy domestic energy needs but not earn the country any income, and of course the world will still need oil.

"Many people would sooner die than think; In fact, they do so." -- Bertrand Russell

Baloney Detection Kit
- Crunchy Cds
- Pub Regular
- The artist
- offline
Re: Best News Ever
Reply #12 - February 13, 2011, 05:58 PM

Good riddance if this is true. The money rolling in from oil is hindering governments to actively invest and push for alternative energy sources.

***~Church is where bad people go to hide~***
- Kenan
- Cultist
- Pub Regular
- Hwee cap-toored eet fohr kay-ohss !!!
- offline
Re: Best News Ever
Reply #13 - February 13, 2011, 06:20 PM

Quote from: Aphrodite on February 09, 2011, 11:35 PM
Actually they seem to be using their brains:

http://www.greenoptimistic.com/2010/08/22/king-abdullah-solar-power-plant/

Nope. They are simply buying results of somebody else's brain activity.

Quote from: ateapotist on February 10, 2011, 12:31 AM
On a more serious note, given what the Saudis are like, before they run out of oil, (particularly since the world is getting all excited about renewable energy), they will probably (get western companies to) develop world-leading solar power-plants.

Using photo panels as a source of electricity by means of conversion is questionable to say the least. Their efficiency is abysmal.
- debunker
- Pub Regular
- offline
Re: Best News Ever
Reply #14 - February 13, 2011, 06:53 PM

Quote from: mighty_cats on February 09, 2011, 10:45 PM
Lol, once a baboon, always a baboon....
they almost became humans this time

so says the baboon.

A googolplex is *precisely* as far from infinity as is the number 1.--Carl Sagan
- raison
- Ex-Muslim
- Murttad (ex-Muslim)
- offline
Re: Best News Ever
Reply #15 - February 16, 2011, 08:18 PM

Someone please edit the title.

Descriptive!!!!
- mighty_cats
- Pub Regular
- offline
Re: Best News Ever
Reply #16 - February 16, 2011, 08:22 PM

Quote from: debunker on February 13, 2011, 06:53 PM
so says the baboon.

ooh ooh......aah aah
1« Previous thread | Next thread »