Discussion in 'West Asia & Africa' started by Vinod2070, Apr 11, 2009.
It's amazing what the environmentalist mafia and political shortsight can do these days. USA just has to develop it's own deposits and the blackmailing and extortionist prices of the oil mafia will be a thing of the past!
Much of the oil is coming form dictatorships and unstable lands now giving a heady hangover to the bigots and the dictators. The mere announcement from USA that they are going to develop their deposits will bring them to their senses and send the oil prices back to where they belong.
A welcome technology indeed... when it becomes more affordable and accessible, it'll mean a significant blow to the dominance of the Arabs...
They will be back to riding Camels in no time if the world weans away from their oil.
If the oil prices return back to their pre depression era(get used to this) holdings,extracting fuel from oil sands will become more appealing.However it could also be part of western psyops to set the cat about the Arab pigeons,because middle eastern oil wells are still better return for investment and they are still huge and tapping into them is less taxing,politically and economically........Most of the petro dollars have never left American shores,industrially backward Arabs had no option but to invest the money back into the US economy and live off it.
The writing on the wall for oil rich Arab states is clear,keep the prices down.
^^ Exactly, its all about the market sentiment that can be manipulated easily by the USA. The Bush administration wanted to make profit as it was in the pocket of oil industry. After making a killing, the prices were reverted but can be increased at will.
Its not about supply and demand but about a very few people manipulating the market at will.
Yes, the Sheikhs have very little control over the cost of oil anymore... I dare say it is all being manipulated by the dealers at NYMEX and other commodities exchanges... this happens due to sheer lack of regulation at these places which means that a lot of unscrupulous dealings make the prices fluctuate rapidly...
Duh!!! They are going to hold their horses till the entire middle east dries up. Then get ready to pay as the americans demand. And also quota to go with it. I always studied in geography that the US holds 26% of world oil reserves, but never uses it. Its all too obvious.
And development of substitute
-- Within 200-300km range of my hometown a coastal city 1 wind power station on an island completed, 2 nuclear power stations under construction.
If the Americans have not developed the immense oil resources available to them even after acknowledging the fact that it can satisfy their energy needs for 200 years, then its plain simple that it is saving them until the Middle Eastern resources dry out say in the next 50-60 years or so. Then they will claim to have the one of largest oil reserves in the world (don't forget Siberia) and will say that now the world should buy oil from them though not all countries actually will, and then will start a new era of American hegemony and the dumb Arabs will be left with nothing other than camels and mules and will have to beg for their very survival !!
I am not sure they are saving their oil resources for later. At least not as a considered policy.
May be that is how it may turn out as the other oil resources run out and the environment lobby becomes weaker in the face of public opposition.
ok if american`s are saving then what hell on the earth is stopping arab countries from saving there oil.plus is proven that america has 26% of oil.i mean is it proven or just theory
US has been moving away from Middle Eastern oil for many years, less than 20% of US oil supply comes from the Middle East. USA also has 727 million barrels of oil as strategic reserves and states like Alaska probably contain 100's of millions of barrels of oil which is untouched for conservation purposes, also many alternative fuels and electric cars are becoming popular and the trend will continue to be to move away from reliance on oil.
Dude, the Arabs are dependent on their oil for their livelihood !!! If they start saving it, they won't have anything else to trade with the outside world for ! The petro dollars buy them everything they need for the running of their countries i.e. setting up industries, education, health, economic, transportation and defence infrastructure. And they are dependent on the developed countries for all these technologies, who also happen to be their biggest clients for crude oil. Also, Arabs being dumb lack the strategic foresight to plan for the future !! They are just happy living of their new found riches !
and what would happen once this oil and gas end in near future and as feared by some friends here that usa would start dictating his term to every other country so as to buy their 26% of oil and natural gas(as said but i donot believe in it)
Whoa man, are you naive? Do you honestly believe that USA would be any less monopolistic than the Arabs or any present oil-lords? Do you believe that anyone would lower the prices if he was able to manipulate them?
Exactly. There are many oil derricks and oil infrastructures in US (for example in Texas) that are unused. US just sealed the oil flow and started using other countries' oil (they also have quite a few oil platforms in Mexican gulf that they use). Just watch the oil prices when US become the sole supplier...
They would probably die of hunger if they started saving oil. What do they have except for sand? Nothing. They basically have no other natural resources at all!
Dude it is Millions or Billions?? Little confused
If it's Alaska probably hundreds of billions, something I left out is USA's offshore oil deposits which would also add to these numbers.
If it was financially feasible to turn that shale into barrels of oil, it would have been done. We have already seen the price per barrel at $147, if that isn't enough to spark a move to shale nothing will. We will be in electric cars before it becomes a substitute.
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