Peak Oil News

 

 
Menu
 News
 Search
 Topics
 Stories Archive
 Submit News
 Discussions
 Code of Conduct
 Forums
 Last 24 Hours
 PO 24hrs
 Peak Blog
 Ask Jane
 Resources
 About Us
 Downloads
 Web Links
 PeakWiki
 PeakPortal
 Focus Search
 Peak TV
 Peak Oil Boston
 Follow on Twitter
 Members
 User Panel
 Members List
 PO Team
 JOIN!
 Private Messages
 
PeakSpeak
NICKNAME

Download TeamSpeak
What is PeakSpeak?
Peak Oil on IRC
 
Member Quotes
Abiotic oil debunking is a regular thing around here. New members who have not done their homework bring it up as a solution to the worlds problems. Posting a reply uses more energy than will ever be generated by such a thing.

kpeavey

Suggest Quote

 
Photo Album
Submit Photo
Peakoil.com is You!


member photos
 
Links

Net App Training
Aaron
 
Ex-Saudi Oil Exec Criticizes US Govt Oil Supply Forecast
Public Policy; Political and Legal Newstdrive writes ""The whole industry laughs at it," said Sadad Al-Husseini, former executive
vice president of exploration and production at Aramco, the world's biggest oil
company.

10-27 11:08: Ex-Saudi Oil Exec Criticizes US Govt Oil Supply Forecast
DJ Ex-Saudi Oil Exec Criticizes US Govt Oil Supply Forecast


LONDON (Dow Jones)--The former head of Saudi Arabian Oil Co.'s (SOI.YY) oil
exploration Wednesday sharply criticized U.S. government oil supply
projections.

"The whole industry laughs at it," said Sadad Al-Husseini, former executive
vice president of exploration and production at Aramco, the world's biggest oil
company.

The Energy Information Agency, statistical arm of the U.S. Department of
Energy, projects crude from the Organization of Petroleum Exporting Countries
oil will increase 90% in 20 years and that demand for Saudi oil will jump 137%,
to about 22 million barrels day.

Saudi Arabia's own models forecast top production for the same time at a much
lower 15 million b/d. Saudi Arabia now produces some 9.5 million b/d.

"They are perhaps unaware of how unrealistic these numbers are," Al-Husseini
said.

OPEC supplies half of the world's oil exports.

The EIA's predictions assume very low oil prices. Al-Husseini said oil will
be much more expensive, encouraging greater fuel economy and the development of
alternative fuels that will shrink reliance on oil.

He also questioned U.S. projections on future oil finds and said declining
production in existing fields will increase.

"Should we be worried? Yes," he said.

Billions of barrels of oil calculated to be part of world reserves by the
U.S. government include nearly unusable pitch, he said.

Al-Husseini said he wanted to call their figures to task because they shape
major government policy decision more than any other agency's data.

-By Shai Oster, Dow Jones Newswires; +44-7842-9357; shai.oster@dowjones.com



(END) Dow Jones Newswires

10-27-04 1407ET

DJ info:
N/DJCS,N/DJOS,N/OSAG,N/OSCM,N/OSFR,N/OSME,N/OSOV,TR,N/CNW,N/DJFX,N/DJWI,N/F
TV,N/GENI,N/IEN,N/OPC,N/PEC,N/PET

KEYWORDS: FSN32926 ACFMOT ECONOMY ENERGY FINANCIAL GENERAL STOCKS


"
Posted on Wednesday, October 27 @ 12:46:26 PDT by admin
 
Related Links
· More about Public Policy; Political and Legal News
· News by admin


Most read story about Public Policy; Political and Legal News:
ARE We Out of Gas Yet?

 
Article Rating
Average Score: 4.33
Votes: 3


Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad

 
Options

 Printer Friendly Printer Friendly

 
"Ex-Saudi Oil Exec Criticizes US Govt Oil Supply Forecast" | Login/Create an Account | 5 comments | Search Discussion
The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register

Re: Ex-Saudi Oil Exec Criticizes US Govt Oil Supply Forecast (Score: 1)
by realtor18 on Tuesday, May 30 @ 08:48:44 PDT
(User Info )
personals shipping [www.friedrichshagener-dichterkreis.de].:. japanese on sale [www.tu-dresden.de].:. trannies shipment [www.programmo.net].:. pissing closeout [kth.i24.pl].:. reality auction sites [www.programmo.net].:. lycra purchase [www.friedrichshagener-dichterkreis.de].:. bisexuals retailers [www.tu-dresden.de].:. big penis purchasing [www.programmo.net].:. mother son shipped [www.tu-dresden.de].:. uniforms shipped [www.friedrichshagener-dichterkreis.de].:. piss shops [www.friedrichshagener-dichterkreis.de].:. live cams closeouts [www.programmo.net].:. softcore cheapest [www.friedrichshagener-dichterkreis.de].:. violent auction sites [www.tu-dresden.de].:. ass buyback [kth.i24.pl].:.



Re: Ex-Saudi Oil Exec Criticizes US Govt Oil Supply Forecast (Score: 1)
by shepard96 on Wednesday, June 07 @ 07:24:47 PDT
(User Info )
korean closeout [kth.i24.pl].:. rape bestbuy [kth.i24.pl].:. fist online auctions [kth.i24.pl].:. video buying [kth.i24.pl].:. bukkake shipping [kth.i24.pl].:. chubby preorder [kth.i24.pl].:. teens sellers [kth.i24.pl].:. bdsm purchasing [kth.i24.pl].:. pregnant wholesale [kth.i24.pl].:. kinky bought [kth.i24.pl].:. hardcore buyer [kth.i24.pl].:. lycra shops [kth.i24.pl].:. lesbians closeouts [kth.i24.pl].:. beastality cheapest [kth.i24.pl].:. men preorder [kth.i24.pl].:.



Re: Ex-Saudi Oil Exec Criticizes US Govt Oil Supply Forecast (Score: 1)
by crackle16 on Tuesday, June 13 @ 07:39:33 PDT
(User Info )
jerk off shipped [kth.i24.pl].:. fem dom bought [kth.i24.pl].:. oral buyers [kth.i24.pl].:. men sell [kth.i24.pl].:. brutal closeouts [kth.i24.pl].:. animal retailer [kth.i24.pl].:. plumper purchasing [kth.i24.pl].:. transsexuals store [kth.i24.pl].:. punishment add to cart [kth.i24.pl].:. pissing online [kth.i24.pl].:. masturbation cheapest [kth.i24.pl].:. boys drop ship [kth.i24.pl].:. uniforms wholesale [kth.i24.pl].:. hairless shipped [kth.i24.pl].:. anime retailer [kth.i24.pl].:.



Re: Ex-Saudi Oil Exec Criticizes US Govt Oil Supply Forecast (Score: 1)
by moises97 on Tuesday, July 07 @ 10:32:59 PDT
(User Info )
nude football animal sex free porn movies [generalchat.phpbb3fun.com], boys sucking rosewood furniture [www.cigar-journal.com], free latina blowjob porn stars wmv  [www.depelicula.es], maroc sex hijab slut file de 16 ans prono [www.sentencecorrection.com], extraits films porno vraiment violent videos de branle solitaire masculin [www.motherhood.com.au], putesde18ansaparis videopu waw pl les plus belles filles nues gratouit [www.snsm.org.my], video sexe malagasy [www.signforum.com.br], free porn videos no downloads fat fuck [www.cyber-freaks.nl], fille masturbe cheval video les femmes vieilles xx [cristcdl.com], streaming vid o mature gratuit blog streaming sexe gratuit [www.didyouweekend.com], libertinsdefrance troiesvergina sosnowiec pl [www.clanbasehq.com], allopass porno zoophile mic life xxx vids [www.web-igel.de], movies sex animal fermiere salope [monreadlodgegs.com], tv web anulingus [ukrdance.mgp.com.ua], zina la salope [www.iricuy2.net], red tube chatte poilue youporno izle [grumpyfudge.com], transexuel clips [www.liktra.com], videos gratuites baise zoophilie [acdc.trei.ro], sites porno africains [tamanismailmarzuki.com], pipes gay hommes fotos [www.chopperbicycle.net]



Help, question about activation (Score: 1)
by Alice_Blacksheare5295 on Monday, October 12 @ 13:49:18 PDT
(User Info )
Hi Guys, I am newbie in the internet stuff and I dont know if I am writing on correct board on this website. I have got problem with activating my account. I received email but when I click on the link it was not working, is this link is correct? keyword [forumactivationlink.com],