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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6660
Location: Oil-addicted Southern Californucopia
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 Posted: Thu Jul 03, 2008 12:10 pm Post subject: More cornucopian crap from al-Naimi |
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Yadda, yadda, yadda:
Naimi Says Politics, Not Geology, Limit Future Oil
| Quote: | The world has as much as 5 trillion to 7 trillion barrels of oil yet to be developed, located in "challenging'' areas or acreage closed to exploration, Saudi Arabian Oil Minister Ali al-Naimi said.
"The limits to future supplies have more to do with politics than with geology and resource availability,'' al-Naimi said in Madrid, speaking at the World Petroleum Congress, where he is receiving an industry award. Concern over supply can be overcome by allowing "explorers to explore and find hydrocarbons where they aren't allowed,'' he said. |
Ali al-Naimi: The Baghdad Bob of the oil industry.
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"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen |
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emersonbiggins
Moderator
Joined: Jul 10, 2005
Posts: 5169
Location: Dallas
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| Posted: Thu Jul 03, 2008 12:30 pm Post subject: Re: More cornucopian crap from al-Naimi |
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159 years left of the stuff (@ current consumption levels), worst case scenario ? That puts peak out by 2080.
Time to close down the site, boyz - we're clearly wasting our time here. 
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"It's called the American Dream because you'd have to be asleep to believe it."
George Carlin |
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PonyBoy78
Tar Sands
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Joined: Aug 19, 2004
Posts: 85
Location: Austin (but moving east soon)
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| Posted: Thu Jul 03, 2008 12:34 pm Post subject: Re: More cornucopian crap from al-Naimi |
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| emersonbiggins wrote: | 159 years left of the stuff (@ current consumption levels), worst case scenario ? That puts peak out by 2080.
Time to close down the site, boyz - we're clearly wasting our time here. |
Even if the peak were decades off, I like the changes I'm making to my lifestyle. |
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socrates1fan
Heavy Crude
Joined: Jun 04, 2008
Posts: 284
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| Posted: Thu Jul 03, 2008 12:37 pm Post subject: Re: More cornucopian crap from al-Naimi |
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| Zardoz wrote: | Yadda, yadda, yadda:
Naimi Says Politics, Not Geology, Limit Future Oil
| Quote: | The world has as much as 5 trillion to 7 trillion barrels of oil yet to be developed, located in "challenging'' areas or acreage closed to exploration, Saudi Arabian Oil Minister Ali al-Naimi said.
"The limits to future supplies have more to do with politics than with geology and resource availability,'' al-Naimi said in Madrid, speaking at the World Petroleum Congress, where he is receiving an industry award. Concern over supply can be overcome by allowing "explorers to explore and find hydrocarbons where they aren't allowed,'' he said. |
Ali al-Naimi: The Baghdad Bob of the oil industry. |
So pretty much we will have enough oil if we destroy the last areas of intact environment left?
Hmm.. which do you prefer? A gallon of gas or a bit of clean air? |
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socrates1fan
Heavy Crude
Joined: Jun 04, 2008
Posts: 284
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| Posted: Thu Jul 03, 2008 12:38 pm Post subject: Re: More cornucopian crap from al-Naimi |
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| PonyBoy78 wrote: | | emersonbiggins wrote: | 159 years left of the stuff (@ current consumption levels), worst case scenario ? That puts peak out by 2080.
Time to close down the site, boyz - we're clearly wasting our time here. |
Even if the peak were decades off, I like the changes I'm making to my lifestyle. |
Yeah, our lifestyle isn't sustainable so its best to make changes.
Even though I think PO is very close even if were decades away we need to make changes now. |
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jdumars
Heavy Crude
Joined: Apr 02, 2005
Posts: 439
Location: Nashville, TN
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| Posted: Thu Jul 03, 2008 2:38 pm Post subject: Re: More cornucopian crap from al-Naimi |
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I think this is an amazing statement if you take it at face value. He's saying the oil is elsewhere and NOT in KSA.
Think about that for a bit.
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Dismantle globally, renew locally! |
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Novus
Light Sweet Crude
Joined: Jun 21, 2005
Posts: 1738
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| Posted: Thu Jul 03, 2008 3:18 pm Post subject: Re: More cornucopian crap from al-Naimi |
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| jdumars wrote: | I think this is an amazing statement if you take it at face value. He's saying the oil is elsewhere and NOT in KSA.
Think about that for a bit. |
That about nails it. Think about what he is really saying. KSA is tapped out so you guys better look someplace else for your oil. |
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