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: Aug 21, 2005 Posts: 105 Location: Iowa, US
Posted: Sat Dec 24, 2005 4:35 pm Post subject: Re: Post Soviet Lessons for a Post American Century
I find the housing situation very interesting. Russians for the most part, did not lose their housing during the collapse, which many beleive kept the society together. Americans on the other hand, can lose their housing and/or property quicky, with bank foreclosures and such. Also, most of the US land is privatly owned, even most public places are somewhat private, with "No Loitering," signs, or "Customers Only." Where there are public parks, they are often closed at night, and anybody trying to spend the night there, would likely be told to move along by the police. Where as the Russians had mostly public property, and just about everything was considered communal, except the bedroom.
Joined: Aug 21, 2005 Posts: 105 Location: Iowa, US
Posted: Tue Dec 27, 2005 11:32 am Post subject: Re: 'Post Soviet Lessons.. Post American Century' Dimitri Or
I thought I should also mention that, right before the Soviet Union collapsed, it had peaked as an oil province, and was taking in foreign debt at an un-sustainable rate. Also, at that time, world oil prices were very low, and not too long after these events, they announced the "former Soviet Union."
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