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.
Joined: Nov 25, 2006 Posts: 1524 Location: New Jersey
Posted: Sun Jun 29, 2008 5:23 pm Post subject: Where does all the oil go? (any charts or pie graphs?)
Someone asked this on another forum :
Quote:
We use roughly 1/2 of oil consumption for motor vehicle fuels of all types. The other 1/2 includes home heating oil, boiler fuel for other buildings and powerplants, lubricants, industrial feed stock, and other purposes. Anyone have a breakdown of what percentage of oil use goes to each category?
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