Not a Secret anymore: Saudi Arabia running out of oil

Topics

Former Member

Exposed is the myth of Saudi spare capacity. There is none. Saudi reserves are falling at a rate of 3% a year (it's exporting 11.8 million barrels a day, and falling). Moreover, the House of Saud does not want to pump more oil; it needs high oil prices to bribe its own population out of noxious Arab Spring ideas.

Replies sorted oldest to newest

Former Member

Oil up $106 a barrel

2/22/127:20 AM

Billy Ram BalgobinBilly

quote:
Originally posted by Lucas:
Exposed is the myth of Saudi spare capacity. There is none. Saudi reserves are falling at a rate of 3% a year (it's exporting 11.8 million barrels a day, and falling). Moreover, the House of Saud does not want to pump more oil; it needs high oil prices to bribe its own population out of noxious Arab Spring ideas.

If they run out of oil the US can always re-locate many millions of its citizens to Mojave Desert.

2/22/1211:15 AM

Former Member

quote:
Originally posted by Billy Ram Balgobin:
quote:
Originally posted by Lucas:
Exposed is the myth of Saudi spare capacity. There is none. Saudi reserves are falling at a rate of 3% a year (it's exporting 11.8 million barrels a day, and falling). Moreover, the House of Saud does not want to pump more oil; it needs high oil prices to bribe its own population out of noxious Arab Spring ideas.

If they run out of oil the US can always re-locate many millions of its citizens to Mojave Desert.

You mean in coffins, don't you?

2/22/123:17 PM

Add Reply

<ul id="{%=id%}ButtonGroup" class="button-group h-popup-buttons even-button-group even-1">
    <li id="{%=id%}Okay_buttonContainer"><a id="{%=id%}Okay" href="javascript:void(0);" class="button success no-margin-bottom h-alert-modal-ok-button" role="button">OK</a><script type="text/javascript">
        (function() {
            function {%=id%}Okay_click(event, data) {
            {%=id%}Popup.hide();
        }
        
                $('#{%=id%}Okay').on('click', {%=id%}Okay_click);
        })();
    </script></li></ul><a href="javascript:void(0);" class="close-reveal-modal" aria-label="Close Modal">&#215;</a><div class="last-modal-focus focus-utility-element" tabindex="0"></div>
</div>
<script type="text/javascript">
        (function() {
            {%=id%}Popup = new SS.Popup.ModalPopup('{%=id%}');
        })();
    </script>

Skip to main content

Topics

Add Reply

Membership Required

Remove From Your Block List

Manage Follow Preferences

Block

Premium Membership Required

GNI VIP Member

Please wait...