[jc4patents]

News accounts today (6/9) state the following:

a) world production approximately 80 million barrels / day;

b) Saudi production is currently 9.4 million barrels / day
(11.8% of total);

c) any Saudi increase is limited to about 2 million barrels / day; and

d) other producers have little ability to expand output.

Unless a significant amount of oil is being stockpiled, this means
we can't look to additional oil - we must survive on something like
our current per day production.

Does this ring true to all the experts on this forum ?

[Cashmere]

Please supply link.

[jc4patents]

cashmere -------

sorry, I should have provided the following link:


http://news.yahoo.com/s/ap/20080609/ap_ ... /saudi_oil

[Cashmere]

The Saudis are concerned that sustained high oil prices will eventually slacken the world's appetite for oil, affecting them in the long run.

Yeah sure!

Let me do the translation:

"The Saudis are concerned that sustained high oil prices will eventually lead to blame being placed upon them when they can't deliver on the lies they have been telling for the last 30 years."

[Twilight]

Let me do the translation:

"The Saudis are concerned that sustained high oil prices will eventually lead to blame being placed upon them when they can't deliver on the lies they have been telling for the last 30 years."

Well, 20 years. But that's about right.

Shortly you will have the Megaprojects people come along -

Actually you know what, I will deny them the revenue. Here.

Anyway, that might raise overall production a bit, maybe even world export volumes, after compensating for everything else going on. Whether a slightly later, higher, and more expensive peak is going to make any difference, I don't know. Several billion people want what we have and the world has a few more mb/d to offer. If it does anything it will lend false hope and discourage decisive moves towards efficiency and alternatives. I do not see postponing peak by five years as buying any meaningful time.

[americandream]

Let me do the translation:

"The Saudis are concerned that sustained high oil prices will eventually lead to blame being placed upon them when they can't deliver on the lies they have been telling for the last 30 years."

Well, 20 years. But that's about right.

Shortly you will have the Megaprojects people come along -

Actually you know what, I will deny them the revenue. Here.

Anyway, that might raise overall production a bit, maybe even world export volumes, after compensating for everything else going on. Whether a slightly later, higher, and more expensive peak is going to make any difference, I don't know. Several billion people want what we have and the world has a few more mb/d to offer. If it does anything it will lend false hope and discourage decisive moves towards efficiency and alternatives. I do not see postponing peak by five years as buying any meaningful time.

Actually, several billion people did not want our way of life. We foisted it on them at the end of a gun...read up on the Cold War and the consequences of the defeat of non-corporate Marxist lifestyles. Read up on the slander of communism and understand why we went to such great lengths to peddle our "Western" lifestyle. Then weep at the idiocy of our ruling elite.

[SoylentGreen]

I agree Dream.The western world should have kept its mouth shut and let every country that wanted to be commies be commies.

[bkwillia]

This is about evolution, survival of the fittest. Communism has lead to the same resource depletion, but it is far less stable than capitalism due to the lack of checks and balances in leadership. As leaders loose their grip, they get violent, so they must be neutralized.

[eastbay]

This is about evolution, survival of the fittest. Communism has lead to the same resource depletion, but it is far less stable than capitalism due to the lack of checks and balances in leadership. As leaders loose their grip, they get violent, so they must be neutralized.

Good thing leaders of capitalist nations never lose their grip and become violent. Yup.

[americandream]

This is about evolution, survival of the fittest. Communism has lead to the same resource depletion, but it is far less stable than capitalism due to the lack of checks and balances in leadership. As leaders loose their grip, they get violent, so they must be neutralized.

Why don't we simply discard any attempt at civil society and let our natural tendencies rule the roost.

Hey, everyone.....the law of the jungle rules! Go out and make your day. Why, rape a neighbour, murder the inlaws, let the hormones run free!

Stupid, stupid, primitivists!