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: May 26, 2008 Posts: 1140 Location: Chicago, IL
Posted: Mon Jul 14, 2008 6:10 pm Post subject: Re: A Good Article About Thinking New in the Face of Peak Oi
From the article, "If there's a relevant point to be made, is there's not much we can do when such huge forces are at work. The combined might of all the OPEC sheiks, G-8 leaders and the World Bank poobahs combined pales in the face of 300 million Chinese peasants moving into the city, buying a sedan and plugging in an air conditioner."
Poor Chinese. They sure get a bad reputation. How about "... pales in the face of the 300 million fat Americans driving a block to Walgreens to buy a gallon of ice cream."?
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