Saudi Arabia "peak oil" prediction: 2012?
Wikileaks strikes again.
The latest startling revelation to come via documents leaked to Julian Assange's muckraking website and published by The Guardian should give pause to every suburban SUV-driver: U.S. officials think Saudi Arabia is overpromising on its capacity to supply oil to a fuel-thirsty world. That sets up a scenario, the documents show, whereby the Saudis could dramatically underdeliver on output by as soon as next year, sending fuel prices soaring.
More:
http://news.yahoo.com/s/yblog_thelookout/20110209/ts_yblog_thelooko...
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Replies to This Discussion
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Permalink Reply by Far'arned Retrogrumpalunkus #63 on
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Not just SUV drivers. Oil fuels everything we do in our modern society. If you like to eat or buy anything at all, the price of everything is going to go up, UP, UP!
Look for the current global recession to become a major Global Depression.
The instability in the Middle East and Europe will be getting much worse as food and necessities become scarce and extremely expensive, and the costs of moving them from where they are produced to where they are consumed becomes more than the people who need them can afford to pay. It'll be world-wide but the more "developed" countries that have huge populations that are further removed from food and essential products will be hit hardest and will suffer the greatest deprivations and privation. At a certain point hungry masses in the cities become roving zombies searching for food and payback from whomever they can get their hands on.
The last time things got this bad there were Archdukes getting assassinated and Herrs Schicklegruber and Dzhugashvili using the political instability to further their careers in public service. Lots of people were inconvenienced for a few years all over the world.
It's nothing to giggle and gloat about. If peak oil is coming soon we are all pretty much fracked.
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Permalink Reply by millenial removing Bernie tattoo on
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Anyone who's been paying attention has known for years that Saudi Arabia was approaching terminal decline.
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Permalink Reply by Glenn on
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I haven't read the article yet but they had past that point a while ago and will prolly stick with the "we are fine" lines for some time to go still. I wouldn't doubt that they aren't the only ones in that same spot either. If anything real was "leaked" I would suspect it was on purpose. But I'm no political science major so what do I know
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Permalink Reply by h' Zerocats on
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*slaps forehead*
envane x said:
Anyone who's been paying attention has known for years that Saudi Arabia was approaching terminal decline.
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Permalink Reply by in it to win it 8.0 mi on
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Brazil has reserves that will last a few generations. Not promoting it, just sayin . . .
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in it to win it said:Brazil has reserves that will last a few generations. Not promoting it, just sayin . . .
No, it doesn't.
http://www.eia.doe.gov/emeu/international/reserves.html
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Old data.
envane x said:
in it to win it said:Brazil has reserves that will last a few generations. Not promoting it, just sayin . . .
No, it doesn't.
http://www.eia.doe.gov/emeu/international/reserves.html
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in it to win it said:Old data.
envane x said:
in it to win it said:Brazil has reserves that will last a few generations. Not promoting it, just sayin . . .
No, it doesn't.
http://www.eia.doe.gov/emeu/international/reserves.html
http://www.eia.doe.gov/cabs/Brazil/Oil.html
2011 is old data?
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Permalink Reply by Duppie on
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Then why don't you post a link to the new data? So anyone can easily validate your statement.
in it to win it said:Old data.
envane x said:
in it to win it said:Brazil has reserves that will last a few generations. Not promoting it, just sayin . . .
No, it doesn't.
http://www.eia.doe.gov/emeu/international/reserves.html
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