SAUDI ARABIA RUNNING OUT OF OIL

Buy less gas.
Ride more bicycles.
And, keep in mind, we're still paying $2 per gallon for something that is worth no more than 50 cents.
$2 per gallon isn't a "bargain".
It's a mind game.
But, this is how lots of rich people get rich.
And, don't get me started on another scam: insurance companies.
 
well, where I live, they charge more for water than they do for gasoline. My grandfather would have a heart attack if he ever saw me buy a bottle of water. What's next, air? (I've paid for it to air up a tire, but never just to breath.)
 
BSAM said:
Buy less gas.
Ride more bicycles.
And, keep in mind, we're still paying $2 per gallon for something that is worth no more than 50 cents.
$2 per gallon isn't a "bargain".
It's a mind game.
But, this is how lots of rich people get rich.
And, don't get me started on another scam: insurance companies.
More...
Whaaaaaattt? Insurance is a scam? Well we all have a choice-I like being the insurance company though
 
Windlesham1 said:
Whaaaaaattt? Insurance is a scam? Well we all have a choice-I like being the insurance company though
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so, you want to make a bet? I'll bet you $100,000 payable the day you die for $30 a month as long as you are alive (or until you finally give up betting with me.) True, the actuarial table says you will probably live a long time, but what if you get lucky and die early?
 
Yes they have peaked and yes they are running out of oil, but everyone was too lazy to look up the data.

saudiproduction.gif


"Diplomatic cables leaked during the United States diplomatic cables leak in 2011 revealed that Sadad al Husseini, former vice president of Saudi Arabia's oil monopoly Saudi Aramco, warned the US that the oil reserves in Saudi Arabia might in fact be 40% (300 billion barrels) lower than claimed."

Let me know when they pass again 9.5 mbpd production...
 
whatever, we peaked as soon as Henry Ford invented an automobile. We burn more in one day than it takes the earth a 100,000 years to produce. Do the math. Not sustainable.

So we all agree we are screwed. Now we are just betting on how bad how soon.
 
If oil ever actually does a peak oil will there even be a point speculating on it? Collectively we're so dependent on it for everything that I think we'd be in pretty deep doodoo if it goes 200-300$+.

The bigger concern is if we have enough oil to bootstrap ourselves off of oil. Otherwise, back to the jungle!
 
i960 said:
If oil ever actually does a peak oil will there even be a point speculating on it? Collectively we're so dependent on it for everything that I think we'd be in pretty deep doodoo if it goes 200-300$+.

The bigger concern is if we have enough oil to bootstrap ourselves off of oil. Otherwise, back to the jungle!
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amazing isn't it, ever seen the movie Gone With the Wind. The lived pretty nice, fought a nationwide war, all without crude (or electricity for that matter.)
 
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