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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: PartyTime who started this subject2/23/2004 9:58:29 PM
From: CalculatedRisk  Read Replies (1) of 173976
 
off topic: Very good article on Arabia oil:

Forecast of Rising Oil Demand Challenges Tired Saudi Fields
By JEFF GERTH

Published: February 24, 2004

When visitors tour the headquarters of Saudi Arabia's oil empire — a sleek glass building rising from the desert in Dhahran near the Persian Gulf — they are reminded of its mission in a film projected on a giant screen. "We supply what the world demands every day," it declares.

For decades, that has largely been true. Ever since its rich reserves were discovered more than a half-century ago, Saudi Arabia has pumped the oil needed to keep pace with rising needs, becoming the mainstay of the global energy markets.

But the country's oil fields now are in decline, prompting industry and government officials to raise serious questions about whether the kingdom will be able to satisfy the world's thirst for oil in coming years.
nytimes.com
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