Article

2004-10-30 Home Front: Economy

Mideast to provide half of world's demand for oil

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Posted by Mark Espinola 2004-10-30 3:46:53 AM|| || Front Page|| [11128 views since 2007-05-07] Top

#1 20 million to 52 million barrels a day by 2030 Am I the only who thinks there is no chance of getting 50 mbd out of the gulf. SA will have to double/triple/quadruple its production.

Posted by phil_b 2004-10-30 4:01:22 AM|| 2004-10-30 4:01:22 AM|| Front Page Top

#2 "As international trade [in oil] expands, risks will grow of a supply disruption at the critical chokepoints through which oil must flow," the agency said.

...Which will result in speculation over "fears" and "concerns" that will drive the price ever higher. Crikes, I am so sick and tired of this crap.

Posted by Bomb-a-rama 2004-10-30 4:01:57 AM|| 2004-10-30 4:01:57 AM|| Front Page Top

Posted by Mark Espinola 2004-10-30 7:42:32 AM|| 2004-10-30 7:42:32 AM|| Front Page Top

#4 Simple solution: Build more dams and nukes for electricity, drill in Alaska and off the US shore, get fuel cells and other electrical technology into cars...

= import less oil and natural gas.

Of course, the Enviro lawyers and thier fearmongering PR flacks would never allow that to happen. When will we start laying the blame where it belongs: pointing the finger at the Enviros and thier lawyers and political allies as the reason why we have to stay involved with despots and third world morons who happen to have oil?

Posted by OldSpook 2004-10-30 11:54:44 AM|| 2004-10-30 11:54:44 AM|| Front Page Top

#5 When they complete the repair/modernization of the Iraqi oil fields, won't that come close to equalling current Saudi output? (Or maybe replacing it, if the princelings succeed in driving out all the foreign technical experts without producing indigenous ones.)

Posted by trailing wife 2004-10-31 1:54:46 AM|| 2004-10-31 1:54:46 AM|| Front Page Top

#6 Nuclear power. Now.

Posted by lex 2004-10-31 1:09:16 AM|| 2004-10-31 1:09:16 AM|| Front Page Top

#7 I've seen reports that Iraq should be capable of producing 6-8 mbd in a few years time. That still leaves a 25mbd hole to fill.

There really is no alternative to building 100s of nuclear power stations. The only issue is how bad things will get before there is a general realization of this fact.

And for the 500th time, fuel cells are not an energy source. They make the problem much worse, by putting an inefficient energy conversion process in the way of achieving the result. All other things being equal, changing all American cars to fuel cell technology would require at least a tripling of oil imports.

Posted by phil_b 2004-10-31 1:12:58 AM|| 2004-10-31 1:12:58 AM|| Front Page Top

#8 Even the Greenies are coming round to nuclear power. What is this country waiting for?

Posted by lex 2004-10-31 1:13:34 AM|| 2004-10-31 1:13:34 AM|| Front Page Top

#9 Off-topic or abusive comments deleted]

Posted by Glereger Cligum6229 2004-10-30 5:20:48 AM|| 2004-10-30 5:20:48 AM|| Front Page Top

00:06 Thavilet Spotle9553
01:04 Slinetle Snolurong4312
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20:57 Faisal
22:42 Boris Pribich
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06:32 Ptah
01:13 lex
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01:54 trailing wife
00:38 lex
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00:18 CrazyFool
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23:40 Mark Espinola
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