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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.

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Personal Information: killjoy

Location: ^NNE^

Signature:
[i:c32558ebf3]"By the time individuals discover that remaining resources will not be adequate for the next generation, the next generation has already been born. "[/i:c32558ebf3] David Price
Actual User Status: Offline

Last 10 Comments by killJOY:

Re: The myth that pushes oil prices up plays into the hands of speculators

Re: Oiling the War Machine

Re: UAE's oil reserves to last 92 years: IEA

Re: UAE's oil reserves to last 92 years: IEA

Re: The Coming Energy Wars

Re: The Gospel According to Matthew

Re: Oil Release: Letting Go of The Age of Cheap Oil

Re: Kunstler: Disarray

Re: 2008, a Year of Petroleum Exuberance

Re: Non Peak Oil Update

Last 10 News Submissions sent by killJOY:

Yes--Blood For Oil!

The Iraq war is entirely my doing.

The US is not leaving Iraq

Bush Eases Environmental Rules on Gasoline

Global Warming Sparks a Scramble for Black Gold Under Retreating Ice

Why Is Bush Running Away From Oil?

Bush Want to Kill Amtrak

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