Geomancer wrote:
I believe that the major problem faced by Big Oil is not finding replacement oil but keeping the lid on world oil finds in order to maintain present exorbitant prices.
Just watch for the recent speculative oil price bubble created by Wall Street manipulators to pop in the near future.
Geomancer wrote:I believe that .
MANAMA (Reuters) - Saudi Arabia's Khursaniyah oilfield expansion project is not yet pumping, but large parts of its 500,000 barrels per day capacity are ready, an official at state oil giant Saudi Aramco said on Sunday.
The world's top oil exporter had planned to bring Khursaniyah online in December. The expansion is the largest single boost to global oil capacity for several years.
NorseNomad wrote:Be a good boy now, and don't rain on people's apocalypse :D
TWilliam wrote:NorseNomad wrote:Be a good boy now, and don't rain on people's apocalypse :D
My my... four whole posts and already an expert on the level of awareness at this site...
A LARGE percentage of the membership here is QUITE well-informed about most, if not all of the complex interlocking issues revolving around the main issue of peak oil. Their doomerism is well-founded, so I'd spend a couple YEARS or so (as many of us have done) researching these things beyond the disinformation propagated by the mainstream media before deciding to cast your disparagement about...
Geomancer wrote:Brazil's Petrobras is exploiting newly confirmed oil reserves offshore in its Tupi field that could be as great or greater than the North Sea. Petrobras says the new ultra-deep Tupi field could hold as much as 8 billion barrels of recoverable light crude. When online in a few years it is expected to put Brazil among the world's "top 10" oil producers, between Nigeria and those of Venezuela.
Geomancer wrote:I believe that oil reserves are increasing
Cashmere wrote:I never went through a "it's BIG OIL f---ing with us" stage of denial and fantasy.
Geomancer wrote:I believe that oil reserves are increasing and the price increases are created by speculators on Wall Street who are creating an oil price bubble and collapse similar to the sub prime bubble.
Iraq, is believed to hold oil reserves second only to Saudi Arabia while much of the world has yet to be explored for oil.
I believe that the major problem faced by Big Oil is not finding replacement oil but keeping the lid on world oil finds in order to maintain present exorbitant prices.
Just watch for the recent speculative oil price bubble created by Wall Street manipulators to pop in the near future.
Twilight wrote:Geomancer wrote:I believe that oil reserves are increasing
You can believe what you like, the world has been eating into reserves since 1981 - net negative additions.
Perhaps the problem is you have searched for information that supports your conclusion rather than checking whether it is based on a correct premise.
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