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The Saudi's To Become Oil Importers ?

General discussions of the systemic, societal and civilisational effects of depletion.

The Saudi's To Become Oil Importers ?

Unread postby Satori » Tue 04 Sep 2012, 09:56:28

2030 isn't that far off

http://www.bloomberg.com/news/2012-09-0 ... ys-1-.html

"Saudi Arabia, the world’s biggest crude exporter, risks becoming an oil importer in the next 20 years, according to Citigroup Inc."
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Re: The Saudi's To Become Oil Importers ?

Unread postby Revi » Tue 04 Sep 2012, 12:29:04

Good luck finding anyone to import from at that point. They have a saying, My grandfather rode a camel, my father drove a car, I fly in a jet airplane, my son will drive a car and my grandchildren will ride camels.

That could work out just about right.
Deep in the mud and slime of things, even there, something sings.
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Re: The Saudi's To Become Oil Importers ?

Unread postby Pops » Tue 04 Sep 2012, 12:44:09

Isn't that funny?
It shows the complete mental block.

If the "world’s biggest crude exporter" can no longer export then obviously someone else will just have to export more!
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: The Saudi's To Become Oil Importers ?

Unread postby dolanbaker » Tue 04 Sep 2012, 13:06:42

Pops wrote:Isn't that funny?
It shows the complete mental block.

If the "world’s biggest crude exporter" can no longer export then obviously someone else will just have to export more!



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