04-29-2008
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Secretary of State
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Member Since: Feb 2007
Location: Southern Oregon
Posts: 5,653
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Re: Massive Oil Deposit could Increase US reserves by 10x
Quote:
Originally Posted by Andrewl
The saudis recently said they will purposely not tap new fields.
Saudi Arabia's King Abdullah said he had ordered some new oil discoveries left untapped to preserve oil wealth in the world's top exporter for future generations…
"When there were some new finds, I told them, 'no, leave it in the ground, with grace from god, our children need it'," King Abdullah said…
Saudi production capacity stands at around 11.3 million bpd, and is scheduled to rise to 12.5 million bpd next year.
Saudi King Abdullah drops quiet bombshell; U.S. media sleep through it | EnergyBulletin.net | Peak Oil News Clearinghouse
This was a worry i read about awhile ago... as peak oil becomes more visible and obvious, many nations will decide to reduce exports preserving their reserves for their own present and future domestic consumption. This only further deepens the problem of peak oil, and it causes the decline side of the bell curve to drop like a cliff....
Andrew |
US desperation is already apparent as depicted by the title of this thread. Do you feel many Americans are cognizant of the chaos that lies ahead without or until alternative energy sources become available? I mention only Americans due to our oil dependency being much greater than any other nation and our lack of domestic supply.
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