I will believe the Saudis don't see any upcoming problems with Ghawar when they cancel one of their projects due to low oil prices. If they continue to be full steam ahead with increasing their capacity then I think they are aware that Ghawar may not be as robust in 5 years time as they would like us to believe.
The International Energy Agency (IEA) gives alarm: The world could run out of oil faster than expected - the danger of a supply shortage is rising
Hunger for energy vs. energy shortage: While the demand for oil is on the rise, the production is decreasing - shortages, escalating prices and inflation are looming. When talking to energy politician Astrid Schneider, Faith Biro, chief economist of the IEA demands a change in policy from the member countries. His motto: leave oil before it leaves us.
Joined: Apr 12, 2007 Posts: 1184 Location: Central NC
Posted: Tue May 13, 2008 7:55 pm Post subject: Re: "The Sirens Shrill"
Here you are:
Sirens Shrill
"The Sirens Shrill"
Snip:
The International Energy Agency (IEA) gives the alarm: The world could run out of oil faster than expected - the danger of a supply shortage is rising
Hunger for energy vs. energy shortage: While the demand for oil is on the rise, the production is decreasing - shortages, escalating prices and inflation are looming. When talking to energy politician Astrid Schneider, Fatih Birol, chief economist of the IEA demands a change in policy from the member countries. His motto: leave oil before it leaves us.
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