Saudi prince calls for lower oil prices - CNN.com
Alternative fuels have the Saudi's concerned. Once their crude is gone, they got nothing.
Alternative fuels have the Saudi's concerned. Once their crude is gone, they got nothing.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
It must be that gigantico shale oil thing in Texas that has them worried!
The Saudis shut down Venezuela in 1998 by over producing and driving the price down to $13. They did the same thing in 1986. If they really want to, they can.
The Saudis shut down Venezuela in 1998 by over producing and driving the price down to $13. They did the same thing in 1986. If they really want to, they can.
bull.... shit....
wow, is there an abundance of fail throughout this subforum this week.
I'll be back to counter it when I have sufficient time. But supreme lawl to anyone insisting shale gas expansion will "take us away" from imported oil.
The Saudis shut down Venezuela in 1998 by over producing and driving the price down to $13. They did the same thing in 1986. If they really want to, they can.
bull.... shit....
wow, is there an abundance of fail throughout this subforum this week.
I'll be back to counter it when I have sufficient time. But supreme lawl to anyone insisting shale gas expansion will "take us away" from imported oil.
Post in the Lame Zone.
bull.... shit....
wow, is there an abundance of fail throughout this subforum this week.
I'll be back to counter it when I have sufficient time. But supreme lawl to anyone insisting shale gas expansion will "take us away" from imported oil.
Post in the Lame Zone.
Mmm-kay... sure will.. as soon as you provide an array of evidence that Saudi can just "pump more" on a whim. Not what they "used to do," but what they CAN do.
Again, injecting sea water into your biggest fields in order to maintain pressure is a prime indicator your country may be at peak. Or past it.
Interviews on TV won't lower the price of crude. Saudi Arabia is an OPEC Nation, if they want to pump more, they have to agree upon it at one of their meetings.Saudi prince calls for lower oil prices - CNN.com
Alternative fuels have the Saudi's concerned. Once their crude is gone, they got nothing.
"We don't want the West to go and find alternatives, because, clearly, the higher the price of oil goes, the more they have incentives to go and find alternatives," said Saudi Prince Al-Waleed bin Talal
He also said on CNBC that he wants to lower oil prices to $75 a barrel.
The Oil Shale, Ethanol, Oil Sands, Shale Gas, GTL, LNG, CNG & Electric are eating into the Saudi Market Share of the USA Energy Consumption. Energy conservation is also playing a huge part.
'May be at peak' ?
So now you are not so sure...hmmm
'May be at peak' ?
So now you are not so sure...hmmm
Speaking of the Lamezone... THIS is your response? Seriously?
One thing is for certain: I am far, FAR more sure that we are at global peak than you are that Saudi can just pump more oil on a whim to make up for MENA disruptions. I back up my claims time and time again here. You dance from accountability for yours.
Saudi can't pump more anymore. Confirmed by Sadad al-Husseini, and others IN the Saudi oil industry.
Yes and? You read the story, correct? It's right in the lede paragraph.
Crushed demand due to global suffering has that short-term affect on prices. Not so good for the "infinite growth" paradigm you guys worship at the alter of, however. Awwww.
Long term, the trend is up up up. Sorry.
Another thing on the Saudi Prince's mind is the fact that when oil prices spiked Russia surpassed Saudi Arabia to become the number one oil producer in the world in October of 2008. Saudi is going to have to lower it's price to get it's market share back. We could be seeing the start of oil price wars.
Never said anything about infinite growth. Now you are making stuff up out of thin air.